Central Asia: Parachute Market 2024

Parachute Market Size in Central Asia

The Central Asian parachute market declined remarkably to $X in 2021, waning by -25% against the previous year. In general, consumption showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.3%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Parachute Production in Central Asia

In value terms, parachute production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Parachute Exports

Exports in Central Asia

After two years of growth, shipments abroad of parachutes and rotochutes decreased by -10.9% to X tons in 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,547%. The volume of export peaked at X tons in 2020, and then dropped in the following year.

In value terms, parachute exports soared to $X in 2021. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 756%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Kyrgyzstan (X tons) was the largest exporter of parachutes and rotochutes, generating 89% of total exports. It was distantly followed by Kazakhstan (X kg), achieving a 10% share of total exports.

Kyrgyzstan experienced a relatively flat trend pattern with regard to volume of exports of parachutes and rotochutes. At the same time, Kazakhstan (+40.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +40.9% from 2012-2021. From 2012 to 2021, the share of Kyrgyzstan increased by +89 percentage points.

In value terms, Kazakhstan ($X) remains the largest parachute supplier in Central Asia, comprising 85% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 12% share of total exports.

In Kazakhstan, parachute exports expanded at an average annual rate of +32.7% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, rising by 59% against the previous year. In general, the export price, however, showed a sharp setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 232%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-5.8%).

Parachute Imports

Imports in Central Asia

After two years of growth, purchases abroad of parachutes and rotochutes decreased by -94.9% to X kg in 2021. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 1,413% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, parachute imports shrank rapidly to $X in 2021. Overall, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of 1,480%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan (X kg) and Mongolia (X kg) prevails in imports structure, together generating 82% of total imports. Turkmenistan (X kg) held a 7.3% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (6.9%). Kyrgyzstan (X kg) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkmenistan (with a CAGR of +4.3%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Kazakhstan ($X), Mongolia ($X) and Turkmenistan ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 89% of total imports.

Among the main importing countries, Turkmenistan, with a CAGR of +3.3%, recorded the highest rates of growth with regard to 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

The import price in Central Asia stood at $X per ton in 2021, shrinking by -24.4% against the previous year. In general, the import price showed a abrupt slump. The growth pace was the most rapid in 2016 an increase of 46% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkmenistan ($X per ton) and Mongolia ($X per ton), while Kazakhstan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :