Central Asia: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Central Asia

After two years of decline, the Central Asian safes and strongboxes market increased by 25% to $X in 2021. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Safes And Strongboxes Production in Central Asia

In value terms, safes and strongboxes production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 100%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Safes And Strongboxes Exports

Exports in Central Asia

Safes and strongboxes exports fell remarkably to X tons in 2021, declining by -86.4% compared with the previous year. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 234% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, safes and strongboxes exports contracted remarkably to $X in 2021. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 199% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) dominates exports structure, together comprising 92% of total exports. It was distantly followed by Kyrgyzstan (X kg), making up an 8.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (with a CAGR of +111.3%), while the other leaders experienced a decline in the exports figures.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of exports in 2021.

Among the main exporting countries, Uzbekistan, with a CAGR of +130.1%, saw the highest growth rate of the value of exports, 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 ton in 2021, increasing by 62% against the previous year. In general, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+11.4%), while the other leaders experienced mixed trends in the export price figures.

Safes And Strongboxes Imports

Imports in Central Asia

After two years of decline, overseas purchases of safes, strongboxes and doors of base metal increased by 15% to X tons in 2021. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 35%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, safes and strongboxes imports soared to $X in 2021. In general, imports, however, saw a noticeable reduction. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan represented the major importing country with an import of around X tons, which accounted for 53% of total imports. Uzbekistan (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (12%), Turkmenistan (8.9%) and Kyrgyzstan (4.6%). Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to safes and strongboxes imports into Kazakhstan stood at -10.5%. At the same time, Uzbekistan (+34.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +34.6% from 2012-2021. By contrast, Kyrgyzstan (-1.5%), Mongolia (-7.8%), Turkmenistan (-11.7%) and Tajikistan (-17.1%) illustrated a downward trend over the same period. While the share of Uzbekistan (+19 p.p.) and Kyrgyzstan (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tajikistan (-3 p.p.), Turkmenistan (-3.9 p.p.) and Kazakhstan (-14.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported safes, strongboxes and doors of base metal in Central Asia, comprising 63% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with an 18% share of total imports. It was followed by Turkmenistan, with an 8% share.

In Kazakhstan, safes and strongboxes imports decreased by an average annual rate of -4.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+36.8% per year) and Turkmenistan (-5.5% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, growing by 29% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Kazakhstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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