Central Asia: Tools For Bearing Market 2025

Tools For Bearing Market Size in Central Asia

The Central Asian tools for bearing market surged to $X in 2022, growing by 144% against the previous year. Overall, consumption, however, saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tools For Bearing Production in Central Asia

In value terms, tools for bearing production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 85%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tools For Bearing Exports

Exports in Central Asia

Tools for bearing exports surged to X tons in 2022, jumping by 2,445% on the year before. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tools for bearing exports surged to $X in 2022. In general, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan was the key exporter of balls, needles and rollers for ball or roller bearings in Central Asia, with the volume of exports resulting at X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), achieving a 21% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tools for bearing exports from Kazakhstan stood at -12.1%. Uzbekistan experienced a relatively flat trend pattern. Uzbekistan (+21 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -20.7% from 2012 to 2022, respectively.

In value terms, the largest tools for bearing supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

Kazakhstan, with a CAGR of +2.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of 165% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+16.3%).

Tools For Bearing Imports

Imports in Central Asia

After two years of decline, overseas purchases of balls, needles and rollers for ball or roller bearings increased by 450% to X tons in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tools for bearing imports soared to $X in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan dominates imports structure, resulting at X tons, which was near 91% of total imports in 2022. The following importers - Mongolia (X tons), Uzbekistan (X tons) and Turkmenistan (X tons) - together made up 6.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tools for bearing imports into Kazakhstan stood at +32.7%. At the same time, Mongolia (+62.1%), Uzbekistan (+17.0%) and Turkmenistan (+15.9%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +62.1% from 2012-2022. While the share of Kazakhstan (+3.7 p.p.), Mongolia (+2.5 p.p.) and Uzbekistan (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-5.1 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported balls, needles and rollers for ball or roller bearings in Central Asia, comprising 81% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 12% share of total imports. It was followed by Mongolia, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled +24.6%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+36.6% per year) and Mongolia (+58.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, falling by -8.4% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth was the most pronounced in 2015 when the import price increased by 62% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+16.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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