Central Asia: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Central Asia

In 2021, the Central Asian wood milling machine market decreased by -30.4% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, continues to indicate a strong increase. The level of consumption peaked at $X in 2020, and then contracted rapidly in the following year.

Wood Milling Machine Production in Central Asia

In value terms, wood milling machine production fell to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 193% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Wood Milling Machine Exports

Exports in Central Asia

In 2021, shipments abroad of planing, milling or moulding machines was finally on the rise to reach X units after two years of decline. In general, exports saw a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 285%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, wood milling machine exports expanded sharply to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 386%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Uzbekistan (X units) represented the main exporter of planing, milling or moulding machines, generating 69% of total exports. It was distantly followed by Kazakhstan (X units), constituting a 29% share of total exports. Kyrgyzstan (X units) followed a long way behind the leaders.

Uzbekistan was also the fastest-growing in terms of the planing, milling or moulding machines exports, with a CAGR of +41.4% from 2012 to 2021. Kyrgyzstan (-7.4%) and Kazakhstan (-9.0%) illustrated a downward trend over the same period. Uzbekistan (+69 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan and Kazakhstan saw its share reduced by -3.5% and -65.7% from 2012 to 2021, respectively.

In value terms, the largest wood milling machine supplying countries in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together accounting for 99.9% of total exports.

Uzbekistan, with a CAGR of +56.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, falling by -35.8% against the previous year. Overall, the export price showed a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 96% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.7%), while the other leaders experienced a decline in the export price figures.

Wood Milling Machine Imports

Imports in Central Asia

In 2021, the amount of planing, milling or moulding machines imported in Central Asia declined to X units, waning by -14.4% compared with the previous year. Overall, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 93% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then declined in the following year.

In value terms, wood milling machine imports dropped significantly to $X in 2021. Over the period under review, imports, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 178%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Uzbekistan (X units) and Kazakhstan (X units) dominates imports structure, together generating 86% of total imports. It was distantly followed by Kyrgyzstan (X units), mixing up a 9.1% share of total imports. The following importers - Tajikistan (X units) and Turkmenistan (X units) - each resulted at a 4.1% share 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 Tajikistan (with a CAGR of +1.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Uzbekistan ($X) constitutes the largest market for imported planing, milling or moulding machines in Central Asia, comprising 62% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 26% share of total imports. It was followed by Kyrgyzstan, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled -6.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-5.4% per year) and Kyrgyzstan (-2.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, shrinking by -15.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 44% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

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 Turkmenistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+12.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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