Central Asia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Central Asia

The Central Asian market for grinding, sanding and polishing machines fell significantly to $X in 2021, which is down by -28.6% against the previous year. Over the period under review, consumption recorded a prominent increase. The level of consumption peaked at $X in 2020, and then fell sharply in the following year.

Production of Grinding, Sanding and Polishing Machines in Central Asia

In value terms, grinding, sanding and polishing machine production reduced to $X in 2021 estimated in export price. In general, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Exports of Grinding, Sanding and Polishing Machines

Exports in Central Asia

In 2021, exports of grinding, sanding and polishing machines in Central Asia skyrocketed to X units, increasing by 71% on 2020 figures. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,033%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 729% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Kazakhstan (X units) represented the main exporter of grinding, sanding and polishing machines, generating 72% of total exports. It was distantly followed by Uzbekistan (X units), comprising a 27% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to grinding, sanding and polishing machine exports from Kazakhstan stood at +13.2%. At the same time, Uzbekistan (+68.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +68.2% from 2012-2021. Uzbekistan (+27 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -19.4% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest grinding, sanding and polishing machine supplier in Central Asia, comprising 64% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan totaled +23.7%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, picking up by 12% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the export price increased by 70%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably 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 Kazakhstan (+9.2%).

Imports of Grinding, Sanding and Polishing Machines

Imports in Central Asia

In 2021, the amount of grinding, sanding and polishing machines imported in Central Asia rose significantly to X units, picking up by 12% against the previous year's figure. Over the period under review, imports posted notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 309% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; afterwards, it flattened through to 2021.

In value terms, grinding, sanding and polishing machine imports contracted rapidly to $X in 2021. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 281%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkmenistan (X units) and Kazakhstan (X units) represented roughly 74% of total imports in 2021. It was distantly followed by Kyrgyzstan (X units), constituting a 17% share of total imports. Uzbekistan (X units), Tajikistan (X units) and Mongolia (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tajikistan (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding, sanding and polishing machine importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), together accounting for 89% of total imports. Kyrgyzstan, Tajikistan and Mongolia lagged somewhat behind, together comprising a further 11%.

In terms of the main importing countries, Tajikistan, with a CAGR of +18.1%, saw the highest rates of growth with regard to 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, with a decrease of -30.6% against the previous year. Overall, the import price, however, posted a pronounced expansion. The growth pace was the most rapid in 2017 when the import price increased by 139%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Turkmenistan ($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 (+11.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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