CIS: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in CIS

The CIS stainless steel angle market fell to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Stainless Steel Angle Production in CIS

In value terms, stainless steel angle production contracted to $X in 2022 estimated in export price. In general, production saw a noticeable downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Stainless Steel Angle Exports

Exports in CIS

In 2022, approx. X tons of angles, shapes and sections of stainless steel or other alloy steel were exported in the CIS; falling by X% compared with the previous year's figure. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports plummeted to $X in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, reaching X tons, which was near X% of total exports in 2022. Belarus (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel angle exports from Russia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest stainless steel angle supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Stainless Steel Angle Imports

Imports in CIS

In 2022, purchases abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports reduced to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons), Kazakhstan (X tons) and Russia (X tons) was the key importer of angles, shapes and sections of stainless steel or other alloy steel in the CIS, creating X% of total import. The following importers - Uzbekistan (X tons) and Armenia (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stainless steel angle import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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