Central Asia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Central Asia

The Central Asian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced markedly to $X in 2022, waning by -17.8% against the previous year. In general, consumption saw a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Central Asia

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped slightly to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 46%. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in Central Asia

In 2022, overseas shipments of tyres for agriculture, forestry, construction, industry and other off the road vehicles were finally on the rise to reach X units after four years of decline. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2022. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan represented the main exporting country with an export of around X units, which finished at 78% of total exports. It was distantly followed by Kazakhstan (X units), generating a 22% share of total exports.

Exports from Kyrgyzstan increased at an average annual rate of +40.2% from 2012 to 2022. At the same time, Kazakhstan (+51.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +51.9% from 2012-2022. From 2012 to 2022, the share of Kazakhstan increased by +12 percentage points.

In value terms, Kazakhstan ($X) remains the largest agricultural, construction and industrial machinery tyre supplier in Central Asia, comprising 88% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at +60.9%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, shrinking by -54.7% against the previous year. In general, the export price saw a precipitous slump. The pace of growth was the most pronounced in 2018 an increase of 198% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.0%).

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in Central Asia

In 2022, overseas purchases of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 18% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 with an increase of 124% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2022. Overall, imports showed resilient growth. The growth pace was the most rapid in 2017 when imports increased by 96% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles, namely Kazakhstan, Uzbekistan and Kyrgyzstan, represented more than two-thirds of total import. Tajikistan (X units), Turkmenistan (X units) and Mongolia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +9.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in Central Asia, comprising 55% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 26% share of total imports. It was followed by Kyrgyzstan, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled +4.3%. In the other countries, the average annual rates were as follows: Uzbekistan (+21.1% per year) and Kyrgyzstan (+2.0% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, with an increase of 4% against the previous year. Overall, the import price recorded a modest expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by 93% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+29.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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