Central Asia: Transmission Shaft Market 2024

Transmission Shaft Market Size in Central Asia

The Central Asian transmission shaft market expanded notably to $X in 2022, growing by 9.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Transmission Shaft Production in Central Asia

In value terms, transmission shaft production amounted to $X in 2022 estimated in export price. Overall, production saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Transmission Shaft Exports

Exports in Central Asia

In 2022, overseas shipments of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 167% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, transmission shaft exports soared to $X in 2022. In general, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan prevails in exports structure, finishing at X tons, which was near 94% of total exports in 2022. The following exporters - Kyrgyzstan (X tons) and Uzbekistan (X tons) - each amounted to a 5.3% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Uzbekistan (+29.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +29.7% from 2012-2022. By contrast, Kyrgyzstan (-8.8%) illustrated a downward trend over the same period. While the share of Kazakhstan (+6.9 p.p.) and Uzbekistan (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (-9.3 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest transmission shaft supplier in Central Asia, comprising 88% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 7.2% share of total exports.

In Kazakhstan, transmission shaft exports increased at an average annual rate of +8.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+29.2% per year) and Kyrgyzstan (-8.6% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, falling by -17.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 45%. The level of export peaked at $X per ton in 2021, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 mixed trends in the export price figures.

Transmission Shaft Imports

Imports in Central Asia

Transmission shaft imports surged to X tons in 2022, rising by 27% compared with the year before. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, transmission shaft imports soared to $X in 2022. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Kazakhstan represented the largest importer of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Central Asia, with the volume of imports accounting for X tons, which was approx. 60% of total imports in 2022. Uzbekistan (X tons) ranks second in terms of the total imports with a 23% share, followed by Kyrgyzstan (7.5%) and Mongolia (4.9%). Turkmenistan (X tons) took a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Uzbekistan (+16.3%), Kyrgyzstan (+12.2%) and Mongolia (+4.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +16.3% from 2012-2022. Turkmenistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by +23 and +2 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Central Asia, comprising 61% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 25% share of total imports. It was followed by Mongolia, with a 5.3% share.

In Kazakhstan, transmission shaft imports increased at an average annual rate of +6.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+17.6% per year) and Mongolia (+3.3% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, with an increase of 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Kyrgyzstan ($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 (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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