Central Asia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Central Asia

In 2021, the Central Asian lathe for removing metal market increased by 15% to $X, rising for the third year in a row after two years of decline. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.2% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Production of Lathes For Removing Metal in Central Asia

In value terms, lathe for removing metal production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 2,644%. Over the period under review, lafor removing metal production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Central Asia

In 2021, the amount of lathes for removing metal exported in Central Asia dropped sharply to X units, waning by -22.6% compared with 2020. In general, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,067%. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, lathe for removing metal exports fell sharply to $X in 2021. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 498%. The level of export peaked at $X in 2020, and then contracted sharply in the following year.

Exports by Country

Tajikistan represented the key exporting country with an export of around X units, which recorded 63% of total exports. It was distantly followed by Kazakhstan (X units), Uzbekistan (X units) and Kyrgyzstan (X units), together comprising a 38% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal exports from Tajikistan stood at -15.5%. At the same time, Uzbekistan (+41.4%) and Kazakhstan (+9.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +41.4% from 2012-2021. By contrast, Kyrgyzstan (-24.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tajikistan, Kazakhstan and Uzbekistan increased by +63, +12 and +8.3 percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest lathe for removing metal supplier in Central Asia, comprising 85% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 13% share of total exports. It was followed by Kyrgyzstan, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +25.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Tajikistan (+22.5% per year) and Kyrgyzstan (-24.0% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, with a decrease of -53.1% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by 365% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, 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 Kazakhstan ($X per unit), while Uzbekistan ($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 (+14.4%), while the other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports in Central Asia

In 2021, purchases abroad of lathes for removing metal increased by 18% to X units, rising for the third year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.0% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 41% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, lathe for removing metal imports rose sharply to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

The countries with the highest levels of lathe for removing metal imports in 2021 were Kazakhstan (X units), Uzbekistan (X units) and Turkmenistan (X units), together finishing at 91% of total import. It was distantly followed by Tajikistan (X units), creating a 4.7% share of total imports. Kyrgyzstan (X units) and Mongolia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Turkmenistan ($X), with a combined 97% share of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +27.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, dropping by -8.9% against the previous year. In general, the import price recorded a mild contraction. The growth pace was the most rapid in 2017 when the import price increased by 46%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($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 (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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