Central Asia: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Central Asia

The Central Asian self-propelled excavating machinery market soared to $X in 2021, with an increase of 114% against the previous year. Overall, consumption, however, recorded a perceptible contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Self-Propelled Excavating Machinery Production in Central Asia

In value terms, self-propelled excavating machinery production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 21%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Central Asia

Self-propelled excavating machinery exports skyrocketed to X units in 2021, with an increase of 253% compared with the year before. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 377% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports soared to $X in 2021. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan prevails in exports structure, resulting at X units, which was near 97% of total exports in 2021. Kyrgyzstan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the self-propelled earth moving, excavating machinery exports, with a CAGR of +36.3% from 2012 to 2021. Kyrgyzstan (-9.6%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (+3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-3 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest self-propelled excavating machinery supplier in Central Asia, comprising 73% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 6% share of total exports.

In Kazakhstan, self-propelled excavating machinery exports increased at an average annual rate of +24.7% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, surging by 168% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of 2,170%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat 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 Kyrgyzstan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+33.6%).

Self-Propelled Excavating Machinery Imports

Imports in Central Asia

In 2021, supplies from abroad of self-propelled earth moving, excavating machinery was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 297%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports surged to $X in 2021. Over the period under review, imports, however, recorded a perceptible decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan prevails in imports structure, amounting to X units, which was approx. 88% of total imports in 2021. It was distantly followed by Kyrgyzstan (X units), generating a 6% share of total imports. Uzbekistan (X units) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of +8.4% from 2012 to 2021. At the same time, Kyrgyzstan (+31.2%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +31.2% from 2012-2021. By contrast, Uzbekistan (-25.6%) illustrated a downward trend over the same period. While the share of Kazakhstan (+43 p.p.), Kyrgyzstan (+5.5 p.p.) and Uzbekistan (+4.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported self-propelled earth moving, excavating machinery in Central Asia, comprising 90% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan totaled +2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+17.0% per year) and Uzbekistan (-22.3% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, shrinking by -6.2% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of 647% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 (+4.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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