Central Asia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Central Asia

The Central Asian machine-tool for drilling market reduced rapidly to $X in 2022, waning by -54.3% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2021, and then declined sharply in the following year.

Machine-Tool For Drilling Production in Central Asia

In value terms, machine-tool for drilling production totaled $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 81%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports in Central Asia

In 2022, machine-tool for drilling exports in Central Asia was estimated at X units, with an increase of 5.3% on the year before. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 793%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 1,048% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan dominates exports structure, reaching X units, which was approx. 96% of total exports in 2022. Tajikistan (X units) held a relatively small share of total exports.

Kazakhstan was also the fastest-growing in terms of the machine-tools for drilling, boring or milling metal exports, with a CAGR of +20.7% from 2012 to 2022. At the same time, Tajikistan (+5.9%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan increased by +32 percentage points.

In value terms, Kazakhstan ($X) remains the largest machine-tool for drilling supplier in Central Asia, comprising 89% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 1.1% share of total exports.

In Kazakhstan, machine-tool for drilling exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, rising by 121% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Tajikistan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (-5.8%).

Machine-Tool For Drilling Imports

Imports in Central Asia

After five years of growth, purchases abroad of machine-tools for drilling, boring or milling metal decreased by -27.3% to X units in 2022. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 95% against the previous year. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, machine-tool for drilling imports skyrocketed to $X in 2022. Overall, imports saw a perceptible contraction. The growth pace was the most rapid in 2018 with an increase of 73% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X units) represented the key importer of machine-tools for drilling, boring or milling metal, making up 55% of total imports. Uzbekistan (X units) held the second position in the ranking, distantly followed by Kyrgyzstan (X units). All these countries together took near 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +80.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported machine-tools for drilling, boring or milling metal in Central Asia, comprising 58% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 28% share of total imports.

In Kazakhstan, machine-tool for drilling imports shrank by an average annual rate of -5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+21.2% per year) and Kyrgyzstan (+4.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, jumping by 63% against the previous year. In general, the import price, however, showed a drastic downturn. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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