Central Asia: Pump For Liquid Market 2024

Pump For Liquid Market Size in Central Asia

The Central Asian pump for liquid market rose notably to $X in 2021, picking up by 13% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.6% against 2018 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Pump For Liquid Production in Central Asia

In value terms, pump for liquid production expanded notably to $X in 2021 estimated in export price. Overall, production posted a noticeable expansion. The growth pace was the most rapid in 2016 with an increase of 133% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Pump For Liquid Exports

Exports in Central Asia

In 2021, overseas shipments of pumps for liquids and liquid elevators decreased by -33.2% to X units, falling for the fourth consecutive year after two years of growth. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 131% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pump for liquid exports expanded slightly to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 52%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan was the largest exporting country with an export of about X units, which finished at 75% of total exports. Uzbekistan (X units) took the second position in the ranking, distantly followed by Mongolia (X units). All these countries together held near 20% share of total exports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pump for liquid exports from Kazakhstan stood at -6.0%. At the same time, Mongolia (+21.3%) and Uzbekistan (+7.5%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +21.3% from 2012-2021. By contrast, Kyrgyzstan (-32.7%) illustrated a downward trend over the same period. Kazakhstan (+28 p.p.), Uzbekistan (+11 p.p.) and Mongolia (+6.3 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -45.8% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest pump for liquid supplier in Central Asia, comprising 76% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 6.7% share of total exports. It was followed by Mongolia, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan totaled +1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (-13.6% per year) and Mongolia (+13.4% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, picking up by 55% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2019 when the export price increased by 70% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+28.3%), while the other leaders experienced mixed trends in the export price figures.

Pump For Liquid Imports

Imports in Central Asia

Pump for liquid imports surged to X units in 2021, growing by 63% against the year before. Overall, imports recorded buoyant growth. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, pump for liquid imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 87% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan was the main importer of pumps for liquids and liquid elevators in Central Asia, with the volume of imports finishing at X units, which was approx. 46% of total imports in 2021. Turkmenistan (X units) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (21%). The following importers - Mongolia (X units) and Kyrgyzstan (X units) - each recorded a 5.7% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkmenistan (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported pumps for liquids and liquid elevators in Central Asia, comprising 56% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total imports. It was followed by Turkmenistan, with an 8.4% share.

In Kazakhstan, pump for liquid imports declined by an average annual rate of -1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+18.1% per year) and Turkmenistan (-8.1% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, with a decrease of -18.6% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 33% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform