Central Asia: Brakes And Servo-Brakes Market 2024

Brakes And Servo-Brakes Market Size in Central Asia

The Central Asian brakes and servo-brakes market skyrocketed to $X in 2022, surging by 25% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Brakes And Servo-Brakes Production in Central Asia

In value terms, brakes and servo-brakes production rose modestly to $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Brakes And Servo-Brakes Exports

Exports in Central Asia

In 2022, approx. X tons of brakes and servo-brakes were exported in Central Asia; surging by 240% compared with 2021. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 260%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, brakes and servo-brakes exports soared to $X in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, resulting at X tons, which was near 90% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), committing a 5.7% share of total exports. Uzbekistan (X tons) took a little share of total exports.

Exports from Kazakhstan increased at an average annual rate of +49.6% from 2012 to 2022. At the same time, Uzbekistan (+54.6%) and Kyrgyzstan (+9.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +54.6% from 2012-2022. Kazakhstan (+57 p.p.) and Uzbekistan (+3 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -42.5% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest brakes and servo-brakes supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 7.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at +41.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (+48.3% per year) and Kyrgyzstan (-5.7% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when the export price increased by 21% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($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 (-4.1%), while the other leaders experienced a decline in the export price figures.

Brakes And Servo-Brakes Imports

Imports in Central Asia

In 2022, purchases abroad of brakes and servo-brakes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, brakes and servo-brakes imports skyrocketed to $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 78% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented the key importers of brakes and servo-brakes in 2022, accounting for approx. 45% and 38% of total imports, respectively. It was distantly followed by Kyrgyzstan (X tons), creating a 12% share of total imports. Mongolia (X tons) and Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +47.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brakes and servo-brakes importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together accounting for 96% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +70.4%, recorded the highest growth rate of the value of imports, 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 ton, reducing by -14.3% against the previous year. Overall, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the import price increased by 11%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained 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 Uzbekistan ($X per ton), while Kyrgyzstan ($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 (+15.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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