Central Asia: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Central Asia

For the third consecutive year, the Central Asian machine-tool for working metal market recorded growth in sales value, which increased by 7.3% to $X in 2021. In general, consumption recorded prominent growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Production of Machine Tools For Working Metal in Central Asia

In value terms, machine-tool for working metal production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 43%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine Tools For Working Metal

Exports in Central Asia

In 2021, exports of machine tools for working metal in Central Asia surged to X units, jumping by 682% on 2020 figures. In general, exports recorded a tangible expansion. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. Overall, exports continue to indicate a resilient expansion. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, resulting at X units, which was approx. 91% of total exports in 2021. The following exporters - Kyrgyzstan (X units), Uzbekistan (X units) and Tajikistan (X units) - together made up 8.3% of total exports.

Exports from Kazakhstan increased at an average annual rate of +18.0% from 2012 to 2021. At the same time, Uzbekistan (+24.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +24.3% from 2012-2021. By contrast, Kyrgyzstan (-1.8%) and Tajikistan (-31.2%) illustrated a downward trend over the same period. Kazakhstan (+66 p.p.) and Uzbekistan (+3 p.p.) significantly strengthened its position in terms of the total exports, while Tajikistan saw its share reduced by -67.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) emerged as the largest machine-tool for working metal supplier in Central Asia, comprising 76% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 14% share of total exports. It was followed by Kyrgyzstan, with a 6.3% share.

In Kazakhstan, machine-tool for working metal exports expanded at an average annual rate of +14.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+123.3% per year) and Kyrgyzstan (+7.0% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, picking up by 13% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 136%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Uzbekistan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+80.3%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports in Central Asia

For the third consecutive year, Central Asia recorded growth in purchases abroad of machine tools for working metal, which increased by 21% to X units in 2021. Overall, imports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of 105%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, machine-tool for working metal imports rose notably to $X in 2021. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 246%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Kazakhstan represented the main importing country with an import of around X units, which amounted to 52% of total imports. Uzbekistan (X units) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (7.8%), Mongolia (5.4%) and Tajikistan (4.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 97% of total imports.

Among the main importing countries, Tajikistan, with a CAGR of +16.7%, saw the highest growth rate of 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, falling by -12.3% against the previous year. In general, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: 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 (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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