Central Asia: Metal Honing Machine Market 2025

Metal Honing Machine Market Size in Central Asia

The Central Asian metal honing machine market shrank notably to $X in 2021, waning by -60.3% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then dropped notably in the following year.

Metal Honing Machine Production in Central Asia

In value terms, metal honing machine production soared to $X in 2021 estimated in export price. In general, production continues to indicate a strong expansion. The growth pace was the most rapid in 2019 when the production volume increased by 177%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Metal Honing Machine Exports

Exports in Central Asia

In 2019, approx. X units of honing or lapping machines for working metal were exported in Central Asia; remaining stable against the previous year's figure. In general, exports faced a deep reduction. The smallest decline of -50% was in 2017. The volume of export peaked at X units in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

In value terms, metal honing machine exports surged to $X in 2019. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2019, Mongolia (X units) was the key exporter of honing or lapping machines for working metal in Central Asia, generating 100% of total export.

Mongolia experienced a relatively flat trend pattern with regard to volume of exports of honing or lapping machines for working metal. While the share of Mongolia (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

From 2013 to 2019, the average annual rate of growth in terms of value in Mongolia was relatively modest.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2019, standing approx. at the previous year. Overall, the export price saw a significant increase. The growth pace was the most rapid in 2016 an increase of 89% against the previous year. The level of export peaked at $X per unit in 2018, and then totaled in the following year.

As there is only one major export destination, the average price level is determined by prices for Mongolia.

From 2013 to 2019, the rate of growth in terms of prices for Mongolia amounted to 0.0% per year.

Metal Honing Machine Imports

Imports in Central Asia

In 2021, imports of honing or lapping machines for working metal in Central Asia fell remarkably to X units, shrinking by -45.3% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 150%. Over the period under review, imports attained the peak figure at X units in 2020, and then reduced dramatically in the following year.

In value terms, metal honing machine imports fell rapidly to $X in 2021. Overall, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 866% against the previous year. The level of import peaked at $X in 2020, and then contracted significantly in the following year.

Imports by Country

Uzbekistan represented the main importer of honing or lapping machines for working metal in Central Asia, with the volume of imports recording X units, which was near 64% of total imports in 2021. It was distantly followed by Kazakhstan (X units), Kyrgyzstan (X units) and Turkmenistan (X units), together committing a 30% share of total imports. Mongolia (X units) and Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal honing machine imports into Uzbekistan stood at +3.4%. At the same time, Kyrgyzstan (+13.0%) and Turkmenistan (+10.7%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +13.0% from 2012-2021. Tajikistan experienced a relatively flat trend pattern. By contrast, Kazakhstan (-5.1%) and Mongolia (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Mongolia increased by +64 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Turkmenistan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 78% share of total imports.

Uzbekistan, with a CAGR of +371.5%, saw the highest rates of growth with regard to 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

In 2021, the import price in Central Asia amounted to $X per unit, declining by -38.9% against the previous year. Over the period under review, the import price faced a deep slump. The growth pace was the most rapid in 2018 an increase of 374% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per unit), while Mongolia ($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 (+356.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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