Central Asia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Central Asia

The Central Asian grinding and sharpening machine market rose markedly to $X in 2022, with an increase of 6.9% against the previous year. In general, consumption recorded a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in Central Asia

In value terms, grinding and sharpening machine production expanded slightly to $X in 2022 estimated in export price. In general, production saw a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by 135%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in Central Asia

In 2022, the amount of grinding and sharpening metal finishing machines exported in Central Asia skyrocketed to X units, rising by 232% against 2021. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 678%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 884% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, finishing at X units, which was near 97% of total exports in 2022. Uzbekistan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the grinding and sharpening metal finishing machines exports, with a CAGR of +23.8% from 2012 to 2022. At the same time, Uzbekistan (+9.6%) displayed positive paces of growth. Kazakhstan (+36 p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan saw its share reduced by -1.7% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest grinding and sharpening machine supplier in Central Asia, comprising 84% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 10% share of total exports.

In Kazakhstan, grinding and sharpening machine exports declined by an average annual rate of -8.8% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, falling by -66.5% against the previous year. In general, the export price showed a dramatic slump. The most prominent rate of growth was recorded in 2017 an increase of 269% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+30.3%).

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in Central Asia

In 2022, imports of grinding and sharpening metal finishing machines in Central Asia skyrocketed to X units, jumping by 38% compared with 2021 figures. Over the period under review, imports recorded slight growth. The pace of growth was the most pronounced in 2018 when imports increased by 72%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine imports expanded to $X in 2022. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 203%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan was the largest importer of grinding and sharpening metal finishing machines in Central Asia, with the volume of imports amounting to X units, which was near 54% of total imports in 2022. Kyrgyzstan (X units) ranks second in terms of the total imports with a 17% share, followed by Uzbekistan (17%) and Tajikistan (8.1%). Mongolia (X units) held a relatively small share of total imports.

Imports into Kazakhstan decreased at an average annual rate of -3.6% from 2012 to 2022. At the same time, Uzbekistan (+85.8%), Tajikistan (+46.7%), Kyrgyzstan (+19.6%) and Mongolia (+3.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +85.8% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kyrgyzstan and Tajikistan increased by +17, +14 and +7.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding and sharpening machine importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), together comprising 88% of total imports.

Uzbekistan, with a CAGR of +31.5%, saw the highest growth rate of 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 unit in 2022, which is down by -24.7% against the previous year. In general, the import price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2015 an increase of 722% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

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 Kazakhstan (+5.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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