Central Asia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Central Asia

In 2021, after five years of growth, there was significant decline in the Central Asian wood drilling machine market, when its value decreased by -21.8% to $X. Overall, consumption, however, saw a resilient increase. The level of consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Wood Drilling Machine Production in Central Asia

In value terms, wood drilling machine production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 85%. The level of production peaked at $X in 2020, and then reduced in the following year.

Wood Drilling Machine Exports

Exports in Central Asia

In 2021, approx. X units of drilling or morticing machines were exported in Central Asia; falling by -25.5% on 2020. In general, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2018 when exports increased by 913% against the previous year. The volume of export peaked at X units in 2020, and then declined dramatically in the following year.

In value terms, wood drilling machine exports rose to $X in 2021. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 839%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Kazakhstan prevails in exports structure, recording X units, which was approx. 97% of total exports in 2021. Uzbekistan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the drilling or morticing machines exports, with a CAGR of +8.1% from 2012 to 2021. At the same time, Uzbekistan (+5.7%) displayed positive paces of growth. While the share of Uzbekistan (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest wood drilling machine supplier in Central Asia, comprising 99% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 0.2% share of total exports.

In Kazakhstan, wood drilling machine exports expanded at an average annual rate of +8.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, with an increase of 38% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 204%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, 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 Kazakhstan ($X per unit), while Uzbekistan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.4%).

Wood Drilling Machine Imports

Imports in Central Asia

In 2021, after four years of growth, there was significant decline in overseas purchases of drilling or morticing machines, when their volume decreased by -42.4% to X units. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 207% against the previous year. The volume of import peaked at X units in 2020, and then contracted dramatically in the following year.

In value terms, wood drilling machine imports expanded slightly to $X in 2021. In general, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 159% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Kazakhstan was the key importer of drilling or morticing machines in Central Asia, with the volume of imports finishing at X units, which was approx. 67% of total imports in 2021. Uzbekistan (X units) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (6%).

Kazakhstan was also the fastest-growing in terms of the drilling or morticing machines imports, with a CAGR of +8.2% from 2012 to 2021. Kyrgyzstan (-5.2%) and Uzbekistan (-15.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Kazakhstan increased by +25 and +4.5 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported drilling or morticing machines in Central Asia, comprising 65% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +14.3%. In the other countries, the average annual rates were as follows: Uzbekistan (-14.3% per year) and Kyrgyzstan (-6.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, growing by 77% against the previous year. In general, the import price saw a notable increase. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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