Central Asia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Central Asia

In 2021, the Central Asian machine-tool for working wood market increased by less than 0.1% to $X, rising for the sixth year in a row after three years of decline. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 +112.9% against 2015 indices. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of Machine-Tools For Working Wood in Central Asia

In value terms, machine-tool for working wood production declined modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 46%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Exports of Machine-Tools For Working Wood

Exports in Central Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of machine-tools for working wood, when their volume increased by 113% to X tons. Overall, exports recorded a mild expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 480%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working wood exports surged to $X in 2021. Over the period under review, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2016 with an increase of 616%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, accounting for X tons, which was approx. 83% of total exports in 2021. Turkmenistan (X tons) held the second position in the ranking, followed by Uzbekistan (X tons). All these countries together held near 13% share of total exports. Mongolia (X tons) took a minor share of total exports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of machine-tools for working wood. At the same time, Turkmenistan (+57.6%), Mongolia (+33.7%) and Uzbekistan (+16.9%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +57.6% from 2012-2021. While the share of Turkmenistan (+7.7 p.p.), Uzbekistan (+5.5 p.p.) and Mongolia (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-7.4 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest machine-tool for working wood supplier in Central Asia, comprising 70% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total exports. It was followed by Turkmenistan, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +2.2%. In the other countries, the average annual rates were as follows: Uzbekistan (+23.0% per year) and Turkmenistan (+54.2% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, surging by 7.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible increase. The growth pace was the most rapid in 2020 an increase of 50%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 ($X per ton), while Kazakhstan ($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 (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine-Tools For Working Wood

Imports in Central Asia

Machine-tool for working wood imports expanded notably to X tons in 2021, picking up by 8.8% compared with the previous year. Overall, imports saw a tangible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 128% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, machine-tool for working wood imports surged to $X in 2021. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 252%. 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

In 2021, Kazakhstan (X tons) was the largest importer of machine-tools for working wood, mixing up 51% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 28% share, followed by Kyrgyzstan (13%) and Turkmenistan (4.9%). Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +2.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X) were the countries with the highest levels of imports in 2021, with a combined 94% share of total imports.

In terms of the main importing countries, Kazakhstan, with a CAGR of +3.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, with an increase of 8% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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