Central Asia: Working Wire Machine Market 2024

Working Wire Machine Market Size in Central Asia

In 2021, the Central Asian working wire machine market decreased by -39.7% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2020, and then dropped dramatically in the following year.

Working Wire Machine Production in Central Asia

In value terms, working wire machine production rose significantly to $X in 2021 estimated in export price. In general, production saw a pronounced curtailment. The pace of growth was the most pronounced in 2013 with an increase of 315%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Working Wire Machine Exports

Exports in Central Asia

In 2021, approx. X units of machines for working wire were exported in Central Asia; reducing by -25% on 2020 figures. Overall, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 2,100%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, working wire machine exports contracted remarkably to $X in 2021. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2013 when exports increased by 1,303% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan represented the main exporter of machines for working wire in Central Asia, with the volume of exports finishing at X units, which was near 67% of total exports in 2021. It was distantly followed by Kazakhstan (X units), achieving a 33% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (with a CAGR of +26.0%).

In value terms, Kazakhstan ($X) emerged as the largest working wire machine supplier in Central Asia, comprising 95% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 4.6% share of total exports.

In Kazakhstan, working wire machine exports declined by an average annual rate of -10.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, falling by -67.1% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 253%. The level of export peaked at $X per unit in 2016; however, from 2017 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 amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-10.0%).

Working Wire Machine Imports

Imports in Central Asia

In 2021, purchases abroad of machines for working wire decreased by -33.3% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 190%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, working wire machine imports reduced dramatically to $X in 2021. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 267% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank significantly in the following year.

Imports by Country

In 2021, Uzbekistan (X units), distantly followed by Kazakhstan (X units), Tajikistan (X units) and Kyrgyzstan (X units) represented the main importers of machines for working wire, together comprising 98% of total imports.

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 +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Tajikistan ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 98% of total imports. These countries were followed by Kyrgyzstan, which accounted for a further 0.9%.

Kyrgyzstan, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, surging by 2.8% against the previous year. In general, the import price posted noticeable growth. The growth pace was the most rapid in 2014 an increase of 175%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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