Central Asia: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Central Asia

The Central Asian market for vacuum pumps and air or gas compressors soared to $X in 2022, jumping by 25% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Central Asia

In value terms, production of vacuum pumps and air or gas compressors expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year. Over the period under review, production of attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Central Asia

In 2022, the amount of vacuum pumps and air or gas compressors exported in Central Asia skyrocketed to X units, growing by 39% against the previous year's figure. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 107% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Kazakhstan represented the largest exporter of vacuum pumps and air or gas compressors in Central Asia, with the volume of exports resulting at X units, which was approx. 70% of total exports in 2022. Kyrgyzstan (X units) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (6.6%). Mongolia (X units) held a minor share of total exports.

Exports from Kazakhstan increased at an average annual rate of +18.2% from 2012 to 2022. At the same time, Uzbekistan (+39.9%), Kyrgyzstan (+33.0%) and Mongolia (+9.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +39.9% from 2012-2022. From 2012 to 2022, the share of Kazakhstan, Kyrgyzstan and Uzbekistan increased by +18, +17 and +5.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest vacuum pump and air or gas compressor supplier in Central Asia, comprising 71% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 17% share of total exports. It was followed by Mongolia, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled +14.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (+22.3% per year) and Mongolia (+24.9% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, picking up by 7.6% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 250%. The level of export peaked at $X per unit in 2015; however, from 2016 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 Mongolia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+13.9%), while the other leaders experienced a decline in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Central Asia

In 2022, purchases abroad of vacuum pumps and air or gas compressors increased by 19% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 64%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of vacuum pumps and air or gas compressors surged to $X in 2022. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 120%. 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

In 2022, Uzbekistan (X units) represented the key importer of vacuum pumps and air or gas compressors, generating 58% of total imports. It was distantly followed by Kazakhstan (X units) and Kyrgyzstan (X units), together generating a 37% share of total imports. Turkmenistan (X units) followed a long way behind the leaders.

Imports into Uzbekistan increased at an average annual rate of +27.5% from 2012 to 2022. At the same time, Kyrgyzstan (+32.3%) and Kazakhstan (+1.1%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +32.3% from 2012-2022. By contrast, Turkmenistan (-2.8%) illustrated a downward trend over the same period. While the share of Uzbekistan (+58 p.p.) and Kyrgyzstan (+10 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-11.2 p.p.) and Kazakhstan (-45.6 p.p.) displayed negative dynamics.

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

In terms of the main importing countries, Uzbekistan, with a CAGR of +19.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, increasing by 16% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 102%. The level of import peaked 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 Kazakhstan ($X per unit), while Kyrgyzstan ($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 (+5.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :