CIS: Market for Hot-Rolled Non-Alloy Steel Wire Rods 2024

Market Size for Hot-Rolled Non-Alloy Steel Wire Rods in CIS

The CIS market for hot-rolled non-alloy steel wire rods dropped to $X in 2023, reducing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Non-Alloy Steel Wire Rods in CIS

In value terms, hot-rolled non-alloy steel wire rod production expanded significantly to $X in 2023 estimated in export price. The total production indicated a modest increase 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Hot-Rolled Non-Alloy Steel Wire Rods

Exports in CIS

In 2023, hot-rolled non-alloy steel wire rod exports in the CIS soared to X tons, with an increase of X% against the previous year. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, hot-rolled non-alloy steel wire rod exports surged to $X in 2023. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia was the main exporter of hot-rolled non-alloy steel wire rods in the CIS, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Belarus (X tons), mixing up a X% share of total exports. Moldova (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to hot-rolled non-alloy steel wire rod exports from Russia stood at X%. At the same time, Moldova (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Belarus and Moldova increased by X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest hot-rolled non-alloy steel wire rod supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Moldova (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, waning by X% against the previous year. Export price indicated a mild increase 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, hot-rolled non-alloy steel wire rod export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Imports of Hot-Rolled Non-Alloy Steel Wire Rods

Imports in CIS

In 2023, after three years of decline, there was significant growth in overseas purchases of hot-rolled non-alloy steel wire rods, when their volume increased by X% to X tons. Total imports indicated a noticeable increase from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, hot-rolled non-alloy steel wire rod imports reached $X in 2023. In general, imports recorded a moderate increase. 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 hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Kazakhstan (X tons), distantly followed by Uzbekistan (X tons), Azerbaijan (X tons), Kyrgyzstan (X tons), Armenia (X tons) and Belarus (X tons) represented the main importers of hot-rolled non-alloy steel wire rods, together making up X% of total imports. Russia (X tons) followed a long way behind the leaders.

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, Kazakhstan ($X) constitutes the largest market for imported hot-rolled non-alloy steel wire rods in the CIS, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Kazakhstan, hot-rolled non-alloy steel wire rod imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices failed to regain momentum.

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 Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform