CIS: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in CIS

The CIS pig iron articles market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pig Iron Articles Production in CIS

In value terms, pig iron articles production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Pig Iron Articles Exports

Exports in CIS

In 2022, after two years of growth, there was significant decline in overseas shipments of granules and powders of pig iron, when their volume decreased by X% to X tons. Overall, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, pig iron articles exports declined sharply to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

In 2022, Russia (X tons) represented the main exporter of granules and powders of pig iron, making up X% of total exports. It was distantly followed by Belarus (X tons), achieving a X% share of total exports.

Russia was also the fastest-growing in terms of the granules and powders of pig iron exports, with a CAGR of X% from 2012 to 2022. Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2022, respectively.

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

In Russia, pig iron articles exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

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

Pig Iron Articles Imports

Imports in CIS

In 2022, pig iron articles imports in the CIS dropped rapidly to X tons, declining by X% on the previous year's figure. In general, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, pig iron articles imports declined slightly to $X in 2022. Over the period under review, imports saw a pronounced curtailment. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) represented the main importer of granules and powders of pig iron, committing X% of total imports. Belarus (X tons) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%). Uzbekistan (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Azerbaijan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Belarus experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belarus, Kazakhstan, Uzbekistan and Azerbaijan increased by X, X, X and X percentage points, respectively.

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

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

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated noticeable growth 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, pig iron articles import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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