Kazakhstan: Carbides Market 2024

Carbides Market Size in Kazakhstan

In 2022, the Kazakh carbides market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Carbides Production in Kazakhstan

In value terms, carbides production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Carbides production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carbides Exports

Exports from Kazakhstan

In 2022, carbides exports from Kazakhstan fell significantly to X tons, shrinking by X% compared with the year before. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell sharply in the following year.

In value terms, carbides exports soared to $X in 2022. In general, total exports indicated slight growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for carbides exports from Kazakhstan, accounting for a X% share of total exports. Moreover, carbides exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), ninefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and the United Arab Emirates (X% per year).

In value terms, Russia ($X) remains the key foreign market for carbides exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average carbides export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkmenistan ($X per ton) and Ukraine ($X per ton), while the average price for exports to Uzbekistan ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Kazakhstan

In 2022, purchases abroad of carbides increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports posted significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, carbides imports skyrocketed to $X in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbides to Kazakhstan, accounting for a X% share of total imports. Moreover, carbides imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. South Africa (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and South Africa (X% per year).

In value terms, the largest carbides suppliers to Kazakhstan were Russia ($X), China ($X) and South Africa ($X), with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carbides import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price faced a abrupt downturn. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform