Central Asia: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Central Asia

Exports of turbo, rotary and reciporating displacement compressors surged to X units in 2022, picking up by 272% on 2021 figures. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 143% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Kazakhstan dominates compressors structure, amounting to X units, which was approx. 92% of total exports in 2022. The following exporters - Mongolia (X units) and Uzbekistan (X units) - together made up 6.2% of total exports.

Kazakhstan was also the fastest-growing in terms of the turbo, rotary and reciporating displacement compressors exports, with a CAGR of +41.5% from 2012 to 2022. At the same time, Mongolia (+27.9%) and Uzbekistan (+1.9%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by +57 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in Central Asia, comprising 76% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 18% share of total exports.

In Kazakhstan, exports of turbo, rotary and reciporating displacement compressors expanded at an average annual rate of +18.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (+29.4% per year) and Mongolia (+46.5% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, declining by -61.9% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the export price increased by 108%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+27.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in Central Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of turbo, rotary and reciporating displacement compressors, when their volume decreased by -13.3% to X units. Over the period under review, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 94% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then reduced in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 156% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan (X units) and Uzbekistan (X units) dominates compressors structure, together making up 78% of total imports. It was distantly followed by Turkmenistan (X units), Tajikistan (X units) and Kyrgyzstan (X units), together constituting a 21% 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 +21.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 97% of total imports.

Uzbekistan, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, picking up by 61% against the previous year. In general, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 108% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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