Central Asia: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Central Asia

The Central Asian turbo-jet (under X kN) market shrank significantly to $X in 2022, with a decrease of -74.1% against the previous year. Over the period under review, consumption, however, posted a perceptible 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.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Central Asia

In value terms, turbo-jet (under X kN) production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 132% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports in Central Asia

After two years of growth, shipments abroad of turbo-jets of a thrust not exceeding X kN decreased by -33.3% to X units in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 200%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, turbo-jet (under X kN) exports fell significantly to $X in 2022. Overall, exports faced a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 139%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) represented roughly 100% of total exports in 2022.

Kazakhstan was also the fastest-growing in terms of the turbo-jets of a thrust not exceeding X kN exports, with a CAGR of +7.2% from 2012 to 2022. While the share of Kazakhstan (+91 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In Kazakhstan, turbo-jet (under X kN) exports shrank by an average annual rate of -8.4% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, falling by -99.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 1,083% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -14.5% per year.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports in Central Asia

In 2022, the amount of turbo-jets of a thrust not exceeding X kN imported in Central Asia skyrocketed to X units, rising by 523% on the year before. Overall, imports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2015 when imports increased by 1,140%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, turbo-jet (under X kN) imports surged to $X in 2022. In general, imports continue to indicate a resilient expansion. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the largest importer of turbo-jets of a thrust not exceeding X kN in Central Asia, with the volume of imports resulting at X units, which was approx. 63% of total imports in 2022. Kyrgyzstan (X units) took the second position in the ranking, distantly followed by Turkmenistan (X units). All these countries together held near 31% share of total imports. The following importers - Mongolia (X units) and Uzbekistan (X units) - each recorded a 4.9% share of total imports.

Imports into Kazakhstan decreased at an average annual rate of -18.6% from 2012 to 2022. At the same time, Kyrgyzstan (+21.5%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +21.5% from 2012-2022. By contrast, Mongolia (-4.0%), Uzbekistan (-8.8%) and Turkmenistan (-10.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan, Turkmenistan and Mongolia increased by +25, +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported turbo-jets of a thrust not exceeding X kN in Central Asia, comprising 97% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 2.6% share of total imports. It was followed by Uzbekistan, with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan amounted to +18.3%. In the other countries, the average annual rates were as follows: Kazakhstan (-17.8% per year) and Uzbekistan (-18.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, increasing by 5,336% against the previous year. In general, the import price saw a significant increase. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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