Central Asia: Measuring Instrument Market 2022

Measuring Instrument Market Size in Central Asia

The Central Asian measuring instrument market skyrocketed to $X in 2021, rising by 18% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Measuring Instrument Production in Central Asia

In value terms, measuring instrument production rose to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 22%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports in Central Asia

In 2021, measuring instrument exports in Central Asia soared to X units, picking up by 68% on 2020 figures. In general, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 217% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, measuring instrument exports contracted markedly to $X in 2021. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 140% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, amounting to X units, which was approx. 92% of total exports in 2021. The following exporters - Kyrgyzstan (X units) and Turkmenistan (X units) - each reached a 5.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to measuring instrument exports from Kazakhstan stood at +7.3%. At the same time, Kyrgyzstan (+13.6%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +13.6% from 2012-2021. By contrast, Turkmenistan (-36.7%) illustrated a downward trend over the same period. While the share of Kazakhstan (+69 p.p.) and Kyrgyzstan (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkmenistan (-70.6 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest measuring instrument supplier in Central Asia, comprising 81% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with an 8.9% share of total exports.

In Kazakhstan, measuring instrument exports declined by an average annual rate of -6.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (+20.8% per year) and Turkmenistan (-31.5% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, falling by -54.4% against the previous year. Overall, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 135%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Measuring Instrument Imports

Imports in Central Asia

In 2021, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported in Central Asia; rising by 19% on the year before. Overall, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2016 with an increase of 75% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, measuring instrument imports stood at $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 38% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan (X units) and Uzbekistan (X units) represented roughly 80% of total imports in 2021. It was distantly followed by Turkmenistan (X units), comprising a 16% share of total imports. Kyrgyzstan (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Uzbekistan (with a CAGR of +23.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in Central Asia, comprising 71% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 21% share of total imports. It was followed by Turkmenistan, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +2.3%. In the other countries, the average annual rates were as follows: Uzbekistan (+17.8% per year) and Turkmenistan (-21.6% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, shrinking by -3.2% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, measuring instrument import price decreased by -11.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. The level of import peaked 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 Kazakhstan (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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