Central Asia: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Central Asia

In 2022, the Central Asian interchangeable spanner socket market decreased by -3% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Interchangeable Spanner Socket Production in Central Asia

In value terms, interchangeable spanner socket production expanded modestly to $X in 2022 estimated in export price. In general, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 30%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Interchangeable Spanner Socket Exports

Exports in Central Asia

After three years of decline, overseas shipments of interchangeable spanner sockets increased by 1,260% to X tons in 2022. Overall, exports continue to indicate a prominent expansion. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, interchangeable spanner socket exports skyrocketed to $X in 2022. Over the period under review, exports saw a measured expansion. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Kazakhstan (X tons) represented the key exporter of interchangeable spanner sockets in Central Asia, constituting 97% of total export.

Kazakhstan was also the fastest-growing in terms of the interchangeable spanner sockets exports, with a CAGR of +11.3% from 2012 to 2022. From 2012 to 2022, the share of Kazakhstan increased by +9.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest interchangeable spanner socket supplier in Central Asia.

In Kazakhstan, interchangeable spanner socket exports increased at an average annual rate of +3.9% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, falling by -71.7% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 113% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -6.6% per year.

Interchangeable Spanner Socket Imports

Imports in Central Asia

In 2022, supplies from abroad of interchangeable spanner sockets decreased by -10.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, interchangeable spanner socket imports fell markedly to $X in 2022. In general, imports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. The level of import peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

Kazakhstan represented the key importer of interchangeable spanner sockets in Central Asia, with the volume of imports resulting at X tons, which was approx. 68% of total imports in 2022. Uzbekistan (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (7.6%) and Tajikistan (4.5%). Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to interchangeable spanner socket imports into Kazakhstan stood at +11.3%. At the same time, Tajikistan (+37.5%) and Uzbekistan (+25.3%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +37.5% from 2012-2022. Turkmenistan experienced a relatively flat trend pattern. By contrast, Mongolia (-5.7%) illustrated a downward trend over the same period. While the share of Uzbekistan (+15 p.p.), Kazakhstan (+5.8 p.p.) and Tajikistan (+4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mongolia (-11.3 p.p.) and Turkmenistan (-14.1 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported interchangeable spanner sockets in Central Asia, comprising 64% of total imports. The second position in the ranking was held by Turkmenistan ($X), with a 15% share of total imports. It was followed by Uzbekistan, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to +4.5%. In the other countries, the average annual rates were as follows: Turkmenistan (+1.5% per year) and Uzbekistan (+31.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, declining by -21.8% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2018 when the import price increased by 25%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Mongolia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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