Central Asia: Memories Market 2024

Memories Market Size in Central Asia

In 2021, after two years of decline, there was significant growth in the Central Asian memories market, when its value increased by 7.5% to $X. Over the period under review, consumption, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.8% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Memories Production in Central Asia

In value terms, memories production expanded markedly to $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Memories Exports

Exports in Central Asia

In 2021, shipments abroad of multichip integrated circuits: memories decreased by -58.8% to X units, falling for the fourth year in a row after three years of growth. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 261%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, memories exports contracted remarkably to $X in 2021. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 146% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Tajikistan (X units) and Kazakhstan (X units) represented roughly 98% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of +20.7%).

In value terms, Kazakhstan ($X) remains the largest memories supplier in Central Asia, comprising 68% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan amounted to +16.2%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, remaining stable against the previous year. Overall, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2019 an increase of 64%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat 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 amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.7%).

Memories Imports

Imports in Central Asia

In 2021, memories imports in Central Asia shrank markedly to X units, which is down by -59.2% against the previous year's figure. In general, imports, however, recorded a noticeable increase. The growth pace was the most rapid in 2020 when imports increased by 206%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, memories imports contracted significantly to $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 168%. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2021, Kazakhstan (X units) was the main importer of multichip integrated circuits: memories, mixing up 62% of total imports. Tajikistan (X units) held the second position in the ranking, distantly followed by Uzbekistan (X units). All these countries together took near 34% share of total imports. Kyrgyzstan (X units) held a minor share of total imports.

Imports into Kazakhstan increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Tajikistan (+6.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +6.1% from 2012-2021. By contrast, Kyrgyzstan (-5.3%) and Uzbekistan (-18.2%) illustrated a downward trend over the same period. While the share of Uzbekistan (+6.3 p.p.), Tajikistan (+5.4 p.p.) and Kazakhstan (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kyrgyzstan (-4.5 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported multichip integrated circuits: memories in Central Asia, comprising 72% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an 18% share of total imports. It was followed by Tajikistan, with an 8.9% share.

In Kazakhstan, memories imports expanded at an average annual rate of +7.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (-11.9% per year) and Tajikistan (+16.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, growing by 16% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, memories import price increased by +54.5% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 80% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 Tajikistan (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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