Central Asia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Central Asia

In 2021, the Central Asian flywheels and pulleys market increased by 172% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Flywheels And Pulleys Production in Central Asia

In value terms, flywheels and pulleys production reached $X in 2021 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 219% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Flywheels And Pulleys Exports

Exports in Central Asia

In 2021, after three years of decline, there was significant growth in shipments abroad of flywheels and pulleys, when their volume increased by 82% to X tons. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,328% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, flywheels and pulleys exports surged to $X in 2021. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 378%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) represented roughly 99% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of +136.2%).

In value terms, Kazakhstan ($X) remains the largest flywheels and pulleys supplier in Central Asia, comprising 85% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 7.6% share of total exports.

In Kazakhstan, flywheels and pulleys exports increased at an average annual rate of +21.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, shrinking by -25.4% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 173%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-5.0%).

Flywheels And Pulleys Imports

Imports in Central Asia

In 2021, supplies from abroad of flywheels and pulleys decreased by -5.9% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 84% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, flywheels and pulleys imports rose sharply to $X in 2021. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 122%. Over the period under review, imports attained the peak figure at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Kazakhstan (X tons) and Uzbekistan (X tons) represented the main importers of flywheels and pulleys in Central Asia, together accounting for approx. 83% of total imports. It was distantly followed by Kyrgyzstan (X tons), comprising a 12% share of total imports. Mongolia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 95% share of total imports.

Uzbekistan, with a CAGR of +15.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained 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 ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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