Central Asia: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Central Asia

In 2021, after two years of decline, there was significant growth in the Central Asian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when its value increased by 90% to $X. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Central Asia

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in Central Asia

In 2021, shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -76.4% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 2,684% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined markedly to $X in 2021. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,315% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Kazakhstan was the largest exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Central Asia, with the volume of exports amounting to X tons, which was approx. 82% of total exports in 2021. It was distantly followed by Uzbekistan (X kg), creating a 17% share of total exports.

Kazakhstan was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports, with a CAGR of +21.1% from 2012 to 2021. At the same time, Uzbekistan (+11.2%) displayed positive paces of growth. While the share of Kazakhstan (+45 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

In terms of the main exporting countries, Kazakhstan, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, growing by 85% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 103%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.9%).

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in Central Asia

In 2021, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Central Asia soared to X tons, rising by 1,383% compared with the year before. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan was the key importing country with an import of about X tons, which accounted for 83% of total imports. It was distantly followed by Kazakhstan (X tons), generating a 13% share of total imports. Turkmenistan (X tons) held a little share of total imports.

Uzbekistan was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imports, with a CAGR of +165.9% from 2012 to 2021. At the same time, Kazakhstan (+14.7%) and Turkmenistan (+4.2%) displayed positive paces of growth. Uzbekistan (+83 p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan and Kazakhstan saw its share reduced by -25.7% and -49.4% from 2012 to 2021, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Central Asia, comprising 91% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 7.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan totaled +278.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+2.9% per year) and Turkmenistan (-11.2% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, jumping by 33% against the previous year. In general, the import price, however, showed a pronounced decrease. The level of import peaked at $X per ton in 2013; however, from 2014 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 Uzbekistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+42.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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