Central Asia: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Central Asia

The Central Asian hydraulic cylinder and system market skyrocketed to $X in 2022, increasing by 95% against the previous year. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Hydraulic Cylinders And Systems in Central Asia

In value terms, hydraulic cylinder and system production skyrocketed to $X in 2022 estimated in export price. In general, production showed prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 106%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports in Central Asia

In 2022, approx. X units of hydraulic cylinders and systems were exported in Central Asia; picking up by 123% compared with the year before. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 591% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, hydraulic cylinder and system exports soared to $X in 2022. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 142% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Kazakhstan (X units) was the major exporter of hydraulic cylinders and systems, making up 87% of total exports. It was distantly followed by Mongolia (X units), constituting an 11% share of total exports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hydraulic cylinder and system exports from Kazakhstan stood at +22.1%. At the same time, Mongolia (+39.1%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +39.1% from 2012-2022. By contrast, Kyrgyzstan (-22.7%) illustrated a downward trend over the same period. While the share of Kazakhstan (+56 p.p.) and Mongolia (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (-65.8 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest hydraulic cylinder and system supplier in Central Asia, comprising 77% of total exports. The second position in the ranking was held by Mongolia ($X), with an 11% share of total exports.

In Kazakhstan, hydraulic cylinder and system exports increased at an average annual rate of +17.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mongolia (+24.9% per year) and Kyrgyzstan (-6.1% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 254% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+21.4%), while the other leaders experienced a decline in the export price figures.

Imports of Hydraulic Cylinders And Systems

Imports in Central Asia

In 2022, approx. X units of hydraulic cylinders and systems were imported in Central Asia; jumping by 16% against the year before. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 76% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, hydraulic cylinder and system imports rose rapidly to $X in 2022. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 83%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X units) represented the largest importer of hydraulic cylinders and systems, making up 67% of total imports. Uzbekistan (X units) took the second position in the ranking, distantly followed by Mongolia (X units) and Turkmenistan (X units). All these countries together held near 28% share of total imports. Kyrgyzstan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the hydraulic cylinders and systems imports, with a CAGR of +14.4% from 2012 to 2022. At the same time, Uzbekistan (+13.3%), Mongolia (+8.3%), Kyrgyzstan (+1.8%) and Turkmenistan (+1.4%) displayed positive paces of growth. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by +18 and +2.3 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported hydraulic cylinders and systems in Central Asia, comprising 62% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 16% share of total imports. It was followed by Mongolia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +13.8%. In the other countries, the average annual rates were as follows: Uzbekistan (+5.4% per year) and Mongolia (+6.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, declining by -7.8% against the previous year. In general, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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