Central Asia: Travel Set Market 2025

Travel Set Market Size in Central Asia

The Central Asian travel set market skyrocketed to $X in 2021, with an increase of 82% against the previous year. Overall, consumption, however, continues to indicate strong growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Travel Set Production in Central Asia

In value terms, travel set production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 105% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Travel Set Exports

Exports in Central Asia

Travel set exports surged to X units in 2021, jumping by 87% against the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 16,765%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, travel set exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 2,972% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan dominates exports structure, recording X units, which was near 95% of total exports in 2021. Turkmenistan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the travel sets exports, with a CAGR of +39.5% from 2012 to 2021. At the same time, Turkmenistan (+30.5%) displayed positive paces of growth. Turkmenistan (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -4.5% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest travel set supplier in Central Asia, comprising 94% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +41.4%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, growing by 71% against the previous year. Overall, the export price posted a modest increase. The pace of growth appeared the most rapid in 2016 an increase of 204%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Turkmenistan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+12.8%).

Travel Set Imports

Imports in Central Asia

In 2021, after two years of growth, there was significant decline in purchases abroad of travel sets, when their volume decreased by -9.9% to X units. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2015 when imports increased by 85%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, travel set imports dropped remarkably to $X in 2021. In general, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 115% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, accounting for X units, which was approx. 85% of total imports in 2021. It was distantly followed by Uzbekistan (X units), making up a 7.5% share of total imports. The following importers - Mongolia (X units) and Turkmenistan (X units) - together made up 5.3% of total imports.

Imports into Kazakhstan increased at an average annual rate of +17.3% from 2012 to 2021. At the same time, Uzbekistan (+48.6%) and Turkmenistan (+5.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +48.6% from 2012-2021. By contrast, Mongolia (-37.2%) illustrated a downward trend over the same period. Kazakhstan (+77 p.p.) and Uzbekistan (+7.5 p.p.) significantly strengthened its position in terms of the total imports, while Mongolia saw its share reduced by -85.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported travel sets in Central Asia, comprising 86% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 9.1% share of total imports. It was followed by Mongolia, with a 1.7% share.

In Kazakhstan, travel set imports expanded at an average annual rate of +15.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+52.1% per year) and Mongolia (-44.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, dropping by -19.1% against the previous year. In general, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 36%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Mongolia ($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 (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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