Central Asia: Threshing Machinery Market 2024

Threshing Machinery Market Size in Central Asia

After four years of growth, the Central Asian threshing machinery market decreased by -3.8% to $X in 2022. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +64.8% against 2015 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in Central Asia

In value terms, threshing machinery production rose slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports in Central Asia

In 2022, shipments abroad of threshing machinery except combine harvester-threshers decreased by -68.8% to X units, falling for the third consecutive year after four years of growth. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 151%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, threshing machinery exports dropped remarkably to $X in 2022. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 129% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kyrgyzstan prevails in exports structure, reaching X units, which was approx. 94% of total exports in 2022. The following exporters - Kazakhstan (X units) and Uzbekistan (X units) - together made up 5.6% of total exports.

Kyrgyzstan was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of +1.0% from 2012 to 2022. Uzbekistan experienced a relatively flat trend pattern. Kazakhstan (-31.4%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (+60 p.p.) and Uzbekistan (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-61.7 p.p.) displayed negative dynamics.

In value terms, Kyrgyzstan ($X) remains the largest threshing machinery supplier in Central Asia, comprising 97% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Kazakhstan (-38.0% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, picking up by 40% against the previous year. In general, the export price, however, continues to indicate a mild slump. The level of export peaked at $X per unit in 2012; however, from 2013 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 Uzbekistan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

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

Threshing Machinery Imports

Imports in Central Asia

In 2022, purchases abroad of threshing machinery except combine harvester-threshers decreased by -11.6% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 334% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, threshing machinery imports shrank markedly to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 317%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan dominates imports structure, reaching X units, which was approx. 95% of total imports in 2022. The following importers - Tajikistan (X units) and Kyrgyzstan (X units) - each accounted for a 3.6% share of total imports.

Imports into Kazakhstan increased at an average annual rate of +13.7% from 2012 to 2022. At the same time, Tajikistan (+14.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +14.1% from 2012-2022. By contrast, Kyrgyzstan (-8.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan increased by +9.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in Central Asia, comprising 94% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 1.6% share of total imports.

In Kazakhstan, threshing machinery imports expanded at an average annual rate of +13.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (-11.8% per year) and Tajikistan (+19.2% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, falling by -4.1% against the previous year. In general, the import price saw a slight reduction. The pace of growth was the most pronounced in 2016 an increase of 34%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Kyrgyzstan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+4.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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