Central Asia: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Central Asia

In 2023, the Central Asian ferro-alloys market increased by X% to $X, rising for the fourth year in a row after five years of decline. The total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Ferro-Alloys Production in Central Asia

In value terms, ferro-alloys production expanded notably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ferro-Alloys Exports

Exports in Central Asia

In 2023, after seven years of growth, there was significant decline in shipments abroad of ferro-alloys, when their volume decreased by X% to X tons. In general, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, ferro-alloys exports contracted to $X in 2023. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) represented roughly X% of total exports in 2023.

Kazakhstan was also the fastest-growing in terms of the ferro-alloys exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest ferro-alloys supplier in Central Asia.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan amounted to X%.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Ferro-Alloys Imports

Imports in Central Asia

In 2023, overseas purchases of ferro-alloys increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, ferro-alloys imports declined modestly to $X in 2023. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then contracted modestly in the following year.

Imports by Country

In 2023, Uzbekistan (X tons) represented the largest importer of ferro-alloys, generating X% of total imports. Kazakhstan (X tons) held the second position in the ranking, distantly followed by Kyrgyzstan (X tons) and Mongolia (X tons). All these countries together held near X% share of total imports. The following importers - Tajikistan (X tons) and Turkmenistan (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported ferro-alloys in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

In Uzbekistan, ferro-alloys imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ferro-alloys import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform