Central Asia: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Central Asia

The Central Asian construction equipment blade market shrank dramatically to $X in 2022, waning by -19.2% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Production in Central Asia

In value terms, construction equipment blade production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 223% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Construction Equipment Blade Exports

Exports in Central Asia

Construction equipment blade exports amounted to X units in 2022, approximately mirroring the previous year. Over the period under review, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,578% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, construction equipment blade exports soared to $X in 2022. In general, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 2,067%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan was the key exporting country with an export of around X units, which amounted to 75% of total exports. It was distantly followed by Mongolia (X units), committing a 25% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to construction equipment blade exports from Kazakhstan stood at -2.8%. Mongolia experienced a relatively flat trend pattern. While the share of Mongolia (+5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-5 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest construction equipment blade supplier in Central Asia, comprising 97% of total exports. The second position in the ranking was held by Mongolia ($X), with a 2.9% share of total exports.

In Kazakhstan, construction equipment blade exports shrank by an average annual rate of -2.5% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, increasing by 19% against the previous year. Overall, the export price, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 an increase of 52%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.4%).

Construction Equipment Blade Imports

Imports in Central Asia

Construction equipment blade imports reduced dramatically to X units in 2022, shrinking by -16% on the previous year. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, construction equipment blade imports shrank dramatically to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan was the main importer of blades for construction equipment in Central Asia, with the volume of imports resulting at X units, which was approx. 69% of total imports in 2022. Tajikistan (X units) held the second position in the ranking, followed by Mongolia (X units). All these countries together held near 28% share of total imports.

Imports into Kazakhstan increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Tajikistan (+30.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +30.1% from 2012-2022. By contrast, Mongolia (-2.4%) illustrated a downward trend over the same period. While the share of Tajikistan (+13 p.p.) and Kazakhstan (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mongolia (-12.7 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported blades for construction equipment in Central Asia, comprising 60% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -1.5%. In the other countries, the average annual rates were as follows: Tajikistan (+43.6% per year) and Mongolia (-5.9% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, with a decrease of -8.6% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of 26%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Tajikistan ($X per unit), while Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+10.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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