Central Asia: Market for Gearboxes and Speed Changers 2025

Market Size for Gearboxes and Speed Changers in Central Asia

In 2022, the Central Asian gearboxes and speed changers market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded strong growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Gearboxes and Speed Changers in Central Asia

In value terms, gearboxes and speed changers production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports in Central Asia

In 2022, overseas shipments of gearboxes and speed changers increased by X% to X tons, rising for the sixth consecutive year after four years of decline. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, gearboxes and speed changers exports reached $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Kazakhstan prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. The following exporters - Kyrgyzstan (X tons) and Uzbekistan (X tons) - together made up X% of total exports.

Kazakhstan was also the fastest-growing in terms of the gearboxes and speed changers exports, with a CAGR of X% from 2012 to 2022. Uzbekistan (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by X and X percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest gearboxes and speed changers supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

In Kazakhstan, gearboxes and speed changers exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a slight curtailment. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 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 ($X per ton), while Kazakhstan ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gearboxes and Speed Changers

Imports in Central Asia

In 2022, the amount of gearboxes and speed changers imported in Central Asia totaled X tons, with an increase of X% compared with the previous year. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, gearboxes and speed changers imports soared to $X in 2022. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Kazakhstan represented the major importer of gearboxes and speed changers in Central Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Uzbekistan (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%) and Mongolia (X%). Turkmenistan (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gearboxes and speed changers imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%), Turkmenistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Mongolia experienced a relatively flat trend pattern. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Mongolia and Kazakhstan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported gearboxes and speed changers in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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