Central Asia: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Central Asia

The Central Asian self-propelled boring machinery market declined significantly to $X in 2022, shrinking by -29.7% against the previous year. In general, consumption recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Boring Machinery Production in Central Asia

In value terms, self-propelled boring machinery production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable expansion. The growth pace was the most rapid in 2014 when the production volume increased by 566% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Self-Propelled Boring Machinery Exports

Exports in Central Asia

In 2022, self-propelled boring machinery exports in Central Asia skyrocketed to X units, jumping by 81% on 2021. Overall, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled boring machinery exports soared to $X in 2022. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, reaching X units, which was approx. 79% of total exports in 2022. It was distantly followed by Mongolia (X units) and Uzbekistan (X units), together mixing up a 12% share of total exports. Tajikistan (X units), Kyrgyzstan (X units) and Turkmenistan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the self-propelled boring or sinking machinery exports, with a CAGR of +21.3% from 2012 to 2022. At the same time, Uzbekistan (+7.2%) and Tajikistan (+4.1%) displayed positive paces of growth. By contrast, Kyrgyzstan (-4.0%), Mongolia (-5.7%) and Turkmenistan (-12.9%) illustrated a downward trend over the same period. Kazakhstan (+52 p.p.) significantly strengthened its position in terms of the total exports, while Tajikistan, Kyrgyzstan, Mongolia and Turkmenistan saw its share reduced by -2.2%, -6.5%, -20.9% and -21.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest self-propelled boring machinery supplier in Central Asia, comprising 72% of total exports. The second position in the ranking was taken by Tajikistan ($X), with an 11% share of total exports. It was followed by Turkmenistan, with a 7.4% share.

In Kazakhstan, self-propelled boring machinery exports expanded at an average annual rate of +40.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tajikistan (+13.3% per year) and Turkmenistan (+1.1% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, with an increase of 5.4% against the previous year. Over the period under review, the export price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+16.2%), while the other leaders experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports in Central Asia

In 2022, the amount of self-propelled boring or sinking machinery imported in Central Asia contracted to X units, which is down by -14.6% on 2021. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 121% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, self-propelled boring machinery imports declined to $X in 2022. Overall, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 when imports increased by 141%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan (X units) and Uzbekistan (X units) represented the key importers of self-propelled boring or sinking machinery in 2022, resulting at near 37% and 35% of total imports, respectively. It was distantly followed by Turkmenistan (X units), Mongolia (X units), Tajikistan (X units) and Kyrgyzstan (X units), together constituting a 27% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +8.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) were the countries with the highest levels of imports in 2022, with a combined 90% share of total imports.

Uzbekistan, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the import price increased by 35% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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