Central Asia: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Central Asia

The Central Asian tapered roller bearing market amounted to $X in 2022, increasing by 4.9% against the previous year. In general, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Tapered Roller Bearing Production in Central Asia

In value terms, tapered roller bearing production expanded to $X in 2022 estimated in export price. In general, production saw a noticeable expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 14%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports in Central Asia

Tapered roller bearing exports surged to X tons in 2022, jumping by 1,425% compared with 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 3,036% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, tapered roller bearing exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan was the key exporter of tapered roller bearings in Central Asia, with the volume of exports accounting for X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), comprising a 15% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +67.3% from 2012 to 2022. At the same time, Uzbekistan (+296.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +296.1% from 2012-2022. Uzbekistan (+15 p.p.) and Kazakhstan (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest tapered roller bearing supplier in Central Asia, comprising 80% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 19% share of total exports.

In Kazakhstan, tapered roller bearing exports increased at an average annual rate of +61.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, rising by 15% against the previous year. In general, the export price, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2018 an increase of 59%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-0.8%).

Tapered Roller Bearing Imports

Imports in Central Asia

In 2022, the amount of tapered roller bearings imported in Central Asia skyrocketed to X tons, jumping by 175% compared with the previous year's figure. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports surged to $X in 2022. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) was the main importer of tapered roller bearings, creating 74% of total imports. It was distantly followed by Uzbekistan (X tons), making up a 21% share of total imports. Mongolia (X tons) held a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Uzbekistan (+82.6%) and Mongolia (+29.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +82.6% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Mongolia increased by +21 and +2.8 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported tapered roller bearings in Central Asia, comprising 61% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 30% share of total imports.

In Kazakhstan, tapered roller bearing imports expanded at an average annual rate of +6.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+77.9% per year) and Mongolia (+21.9% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, falling by -32.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 31%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then declined remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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