Central Asia: Gear Box Market 2025

Gear Box Market Size in Central Asia

After two years of growth, the Central Asian gear box market decreased by -9.7% to $X in 2022. Overall, consumption posted buoyant growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Gear Box Production in Central Asia

In value terms, gear box production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 118%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Gear Box Exports

Exports in Central Asia

In 2022, the amount of gear boxes exported in Central Asia shrank to X units, reducing by -7.7% on 2021 figures. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2015 with an increase of 408%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gear box exports shrank sharply to $X in 2022. Overall, exports showed a slight descent. The pace of growth appeared the most rapid in 2015 when exports increased by 619%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, recording X units, which was approx. 83% of total exports in 2022. It was distantly followed by Uzbekistan (X units) and Kyrgyzstan (X units), together mixing up a 13% share of total exports. Mongolia (X units) held a relatively small share of total exports.

Kazakhstan was also the fastest-growing in terms of the gear boxes exports, with a CAGR of +51.0% from 2012 to 2022. At the same time, Mongolia (+4.2%) displayed positive paces of growth. By contrast, Uzbekistan (-15.2%) and Kyrgyzstan (-20.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by +80 and +8.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest gear box supplier in Central Asia, comprising 70% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 14% share of total exports. It was followed by Mongolia, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at +31.3%. In the other countries, the average annual rates were as follows: Uzbekistan (+51.2% per year) and Mongolia (+7.2% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, falling by -25% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2020 when the export price increased by 125% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+78.3%), while the other leaders experienced mixed trends in the export price figures.

Gear Box Imports

Imports in Central Asia

In 2022, gear box imports in Central Asia skyrocketed to X units, picking up by 120% compared with the year before. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 167%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, gear box imports soared to $X in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 394%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Uzbekistan was the main importer of gear boxes in Central Asia, with the volume of imports amounting to X units, which was approx. 63% of total imports in 2022. It was distantly followed by Kazakhstan (X units), achieving a 32% share of total imports. Kyrgyzstan (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +74.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported gear boxes in Central Asia, comprising 72% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 26% share of total imports.

In Uzbekistan, gear box imports expanded at an average annual rate of +116.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+20.0% per year) and Kyrgyzstan (+4.5% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, which is down by -9.8% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 85%. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+24.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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