Central Asia: Grinding Machine Market 2024

Grinding Machine Market Size in Central Asia

The Central Asian grinding machine market expanded remarkably to $X in 2021, increasing by 13% against the previous year. Overall, consumption recorded a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Grinding Machine Production in Central Asia

In value terms, grinding machine production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 139% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Grinding Machine Exports

Exports in Central Asia

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported in Central Asia dropped markedly to X units, reducing by -31.4% on 2020 figures. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 871% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, grinding machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 79% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan dominates exports structure, amounting to X units, which was near 87% of total exports in 2021. It was distantly followed by Turkmenistan (X units), making up a 6.6% share of total exports. Kyrgyzstan (X units) and Uzbekistan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the machines having individual functions, for mixing, kneading, crushing or grinding exports, with a CAGR of +35.6% from 2012 to 2021. At the same time, Kyrgyzstan (+15.5%) and Turkmenistan (+9.4%) displayed positive paces of growth. By contrast, Uzbekistan (-18.1%) illustrated a downward trend over the same period. While the share of Kazakhstan (+27 p.p.) and Uzbekistan (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kyrgyzstan (-5.2 p.p.) and Turkmenistan (-25 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest grinding machine supplier in Central Asia, comprising 95% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 2.8% share of total exports. It was followed by Kyrgyzstan, with a 1.3% share.

In Kazakhstan, grinding machine exports expanded at an average annual rate of +12.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkmenistan (-8.1% per year) and Kyrgyzstan (-22.6% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, surging by 120% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by 261%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-16.0%), while the other leaders experienced a decline in the export price figures.

Grinding Machine Imports

Imports in Central Asia

In 2021, imports of machines having individual functions, for mixing, kneading, crushing or grinding in Central Asia skyrocketed to X units, jumping by 138% on 2020 figures. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 155%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, grinding machine imports rose to $X in 2021. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 96%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Kazakhstan prevails in imports structure, reaching X units, which was approx. 75% of total imports in 2021. Turkmenistan (X units) took an 8.9% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (8.8%). The following importers - Mongolia (X units) and Tajikistan (X units) - each amounted to a 6.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to grinding machine imports into Kazakhstan stood at +13.0%. At the same time, Tajikistan (+29.3%), Uzbekistan (+10.8%) and Mongolia (+7.7%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +29.3% from 2012-2021. Turkmenistan experienced a relatively flat trend pattern. While the share of Uzbekistan (+8.8 p.p.), Kazakhstan (+6.8 p.p.) and Tajikistan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding machine importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), with a combined 92% share of total imports. Turkmenistan and Tajikistan lagged somewhat behind, together comprising a further 7%.

Tajikistan, with a CAGR of +13.6%, saw the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Central Asia amounted to $X per unit, reducing by -56.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 86% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per unit), while Turkmenistan ($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 (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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