CIS: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in CIS

In 2022, the CIS concrete reinforcing bar market increased by X% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Concrete Reinforcing Bar Production in CIS

In value terms, concrete reinforcing bar production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Concrete Reinforcing Bar Exports

Exports in CIS

Concrete reinforcing bar exports shrank dramatically to X tons in 2022, reducing by X% on the previous year's figure. Overall, exports, however, saw a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports contracted notably to $X in 2022. Over the period under review, exports, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the key exporter of concrete reinforcing bars in the CIS, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Kazakhstan (X tons) ranks second in terms of the total exports with an X% share, followed by Uzbekistan (X%). Azerbaijan (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. Russia (X p.p.), Kazakhstan (X p.p.), Uzbekistan (X p.p.), Azerbaijan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest concrete reinforcing bar supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export 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, the export price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Kyrgyzstan ($X per ton) and Azerbaijan ($X per ton), while Uzbekistan ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports in CIS

After five years of growth, purchases abroad of concrete reinforcing bars decreased by X% to X tons in 2022. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, concrete reinforcing bar imports declined dramatically to $X in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons), distantly followed by Kyrgyzstan (X tons), Tajikistan (X tons), Uzbekistan (X tons) and Armenia (X tons) represented the major importers of concrete reinforcing bars, together creating X% of total imports. Moldova (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2022, 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 ($X) constitutes the largest market for imported concrete reinforcing bars in the CIS, comprising X% of total imports. The second position in the ranking was taken by Tajikistan ($X), with an X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Kazakhstan, concrete reinforcing bar imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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