Central Asia: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Central Asia

The Central Asian market for forage harvesters and other harvesting machines contracted remarkably to $X in 2021, with a decrease of -62.5% against the previous year. Overall, consumption, however, continues to indicate prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Forage Harvesters and Other Harvesting Machines in Central Asia

In value terms, production of forage harvesters and other harvesting machines reduced to $X in 2021 estimated in export price. Overall, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 565% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in Central Asia

In 2021, the amount of forage harvesters and other harvesting machines exported in Central Asia reduced remarkably to X units, with a decrease of -52.2% against 2020. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 4,264%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 6,099% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

In 2021, Kazakhstan (X units) represented the largest exporter of forage harvesters and other harvesting machines, making up 72% of total exports. It was distantly followed by Uzbekistan (X units), comprising a 26% share of total exports.

Kazakhstan was also the fastest-growing in terms of the forage harvesters and other harvesting machines exports, with a CAGR of +24.4% from 2012 to 2021. Uzbekistan (-46.8%) illustrated a downward trend over the same period. While the share of Uzbekistan (+26 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-9.9 p.p.) displayed negative dynamics.

In value terms, the largest forage harvesters and other harvesting machines supplying countries in Central Asia were Uzbekistan ($X) and Kazakhstan ($X).

Kazakhstan, with a CAGR of +23.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, surging by 156% against the previous year. In general, the export price saw noticeable growth. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 Uzbekistan ($X per unit), while Kazakhstan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.3%).

Imports of Forage Harvesters and Other Harvesting Machines

Imports in Central Asia

In 2021, imports of forage harvesters and other harvesting machines in Central Asia shrank rapidly to X units, declining by -55.7% on the previous year. Overall, imports, however, showed resilient growth. The growth pace was the most rapid in 2017 with an increase of 261%. Over the period under review, imports of attained the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines reduced remarkably to $X in 2021. In general, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 455% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X units) represented the largest importer of forage harvesters and other harvesting machines, making up 65% of total imports. Turkmenistan (X units) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (9.2%). Kyrgyzstan (X units) and Mongolia (X units) held a relatively small share of total imports.

Imports into Kazakhstan increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Turkmenistan (+49.5%), Mongolia (+16.3%), Kyrgyzstan (+6.7%) and Uzbekistan (+2.9%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +49.5% from 2012-2021. While the share of Turkmenistan (+19 p.p.) and Uzbekistan (+9.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kyrgyzstan (-2.6 p.p.) and Kazakhstan (-23.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest forage harvesters and other harvesting machines importing markets in Central Asia were Kazakhstan ($X), Turkmenistan ($X) and Uzbekistan ($X), together accounting for 97% of total imports.

Among the main importing countries, Turkmenistan, with a CAGR of +43.4%, saw 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

The import price in Central Asia stood at $X per unit in 2021, falling by -18.2% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the import price increased by 54%. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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