Central Asia: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports in Central Asia

In 2022, exports of steering wheels, steering columns and steering boxes in Central Asia skyrocketed to X tons, with an increase of 89% against 2021 figures. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 137%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, steering wheels and columns exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 80%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Kazakhstan (X tons) and Uzbekistan (X tons) was the major exporter of steering wheels, steering columns and steering boxes in Central Asia, comprising 100% of total export.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +145.5%).

In value terms, the largest steering wheels and columns supplying countries in Central Asia were Uzbekistan ($X) and Kazakhstan ($X).

Uzbekistan, with a CAGR of +115.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, which is down by -18.4% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 18% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-5.1%).

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports in Central Asia

In 2022, supplies from abroad of steering wheels, steering columns and steering boxes was finally on the rise to reach X tons after two years of decline. Overall, imports recorded perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, steering wheels and columns imports surged to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 128% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Uzbekistan represented the largest importing country with an import of about X tons, which resulted at 49% of total imports. It was distantly followed by Kazakhstan (X tons) and Kyrgyzstan (X tons), together mixing up a 46% share of total imports. The following importers - Tajikistan (X tons) and Mongolia (X tons) - each accounted for a 3.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported steering wheels, steering columns and steering boxes in Central Asia, comprising 67% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 27% share of total imports. It was followed by Kyrgyzstan, with a 2.3% share.

In Uzbekistan, steering wheels and columns imports expanded at an average annual rate of +63.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+9.7% per year) and Kyrgyzstan (-14.0% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, dropping by -4.1% against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 138% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+22.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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