Central Asia: Ignition Magneto Market 2024

Ignition Magneto Market Size in Central Asia

The Central Asian ignition magneto market amounted to $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Ignition Magneto Production in Central Asia

In value terms, ignition magneto production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Ignition Magneto Exports

Exports in Central Asia

In 2021, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels exported in Central Asia skyrocketed to X units, picking up by 16% on the previous year's figure. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 2,810%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, ignition magneto exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 3,855% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Kazakhstan (X units) represented the major exporter of ignition magnetos, magneto-dynamos and magnetic flywheels in Central Asia, making up 100% of total export.

Kazakhstan was also the fastest-growing in terms of the ignition magnetos, magneto-dynamos and magnetic flywheels exports, with a CAGR of +25.6% from 2012 to 2021. While the share of Kazakhstan (+94 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest ignition magneto supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at +17.9%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 38%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -6.1% per year.

Ignition Magneto Imports

Imports in Central Asia

In 2021, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were imported in Central Asia; jumping by 41% compared with the previous year's figure. Overall, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 233%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ignition magneto imports expanded remarkably to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 267%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the main importer of ignition magnetos, magneto-dynamos and magnetic flywheels in Central Asia, with the volume of imports amounting to X units, which was approx. 56% of total imports in 2021. Turkmenistan (X units) ranks second in terms of the total imports with a 13% share, followed by Uzbekistan (12%), Tajikistan (7.3%) and Mongolia (7.1%). Kyrgyzstan (X units) followed a long way behind the leaders.

Imports into Kazakhstan decreased at an average annual rate of -6.9% from 2012 to 2021. At the same time, Tajikistan (+54.5%) and Kyrgyzstan (+14.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +54.5% from 2012-2021. By contrast, Uzbekistan (-3.0%), Turkmenistan (-4.6%) and Mongolia (-15.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tajikistan, Kyrgyzstan, Uzbekistan and Turkmenistan increased by +7.2, +3.6, +2.9 and +1.7 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported ignition magnetos, magneto-dynamos and magnetic flywheels in Central Asia, comprising 73% of total imports. The second position in the ranking was held by Mongolia ($X), with a 6.9% share of total imports. It was followed by Turkmenistan, with a 5.8% share.

In Kazakhstan, ignition magneto imports shrank by an average annual rate of -9.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (-10.4% per year) and Turkmenistan (-15.4% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, with a decrease of -23.5% against the previous year. In general, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 24%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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