CIS: Market for Iron and Steel Wire 2024

Market Size for Iron and Steel Wire in CIS

The CIS iron and steel wire market reduced to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a perceptible decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron and Steel Wire in CIS

In value terms, iron and steel wire production fell to $X in 2022 estimated in export price. In general, production, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Iron and Steel Wire

Exports in CIS

For the third consecutive year, the CIS recorded growth in overseas shipments of iron and steel wire, which increased by X% to X tons in 2022. Total exports indicated a strong increase from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire exports soared to $X in 2022. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Russia was the key exporter of iron and steel wire in the CIS, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belarus (X tons), generating a X% share of total exports.

Russia was also the fastest-growing in terms of the iron and steel wire exports, with a CAGR of X% from 2012 to 2022. Belarus experienced a relatively flat trend pattern. From 2012 to 2022, the share of Russia increased by X percentage points.

In value terms, Russia ($X) and Belarus ($X) appeared to be the countries with the highest levels of exports in 2022.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

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

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

Imports of Iron and Steel Wire

Imports in CIS

After three years of decline, supplies from abroad of iron and steel wire increased by X% to X tons in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire imports soared to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons) and Kazakhstan (X tons) represented the largest importers of iron and steel wire in 2022, finishing at near X% and X% of total imports, respectively. Belarus (X tons) held the next position in the ranking, followed by Uzbekistan (X tons) and Azerbaijan (X tons). All these countries together took approx. X% share of total imports. The following importers - Armenia (X tons) and Moldova (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported iron and steel wire in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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