Central Asia: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Central Asia

After four years of growth, the Central Asian numerically controlled drilling machine market decreased by -9% to $X in 2021. In general, consumption, however, recorded tangible growth. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in Central Asia

In value terms, numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. In general, production, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 61%. The level of production peaked at $X in 2020, and then declined in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Central Asia

In 2020, the amount of numerically controlled drilling machines for working metal exported in Central Asia was estimated at X tons, stabilizing at the previous year's figure. In general, exports faced a significant curtailment. The smallest decline of 99.9% was in 2016. The volume of export peaked at X tons in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports amounted to $X in 2020. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2020, reducing by -97% against the previous year. Over the period under review, the export price faced a sharp slump. The growth pace was the most rapid in 2014 when the export price increased by 124%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2020, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2013 to 2020, the rate of growth in terms of prices for Kazakhstan amounted to -32.0% per year.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Central Asia

In 2021, overseas purchases of numerically controlled drilling machines for working metal decreased by -17.1% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 124%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports declined to $X in 2021. Over the period under review, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 187% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkmenistan (X tons) was the largest importer of numerically controlled drilling machines for working metal, committing 71% of total imports. It was distantly followed by Kazakhstan (X tons) and Uzbekistan (X tons), together generating a 23% share of total imports. The following importers - Mongolia (X tons) and Tajikistan (X tons) - together made up 5.5% of total imports.

Turkmenistan was also the fastest-growing in terms of the numerically controlled drilling machines for working metal imports, with a CAGR of +82.0% from 2012 to 2021. At the same time, Tajikistan (+13.9%) and Uzbekistan (+13.3%) displayed positive paces of growth. By contrast, Mongolia (-6.4%) and Kazakhstan (-14.8%) illustrated a downward trend over the same period. While the share of Turkmenistan (+70 p.p.) and Uzbekistan (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mongolia (-4.9 p.p.) and Kazakhstan (-71.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkmenistan ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Central Asia, comprising 69% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 22% share of total imports. It was followed by Tajikistan, with a 3.6% share.

In Turkmenistan, numerically controlled drilling machine imports expanded at an average annual rate of +83.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (-17.4% per year) and Tajikistan (+6.6% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 36% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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