Central Asia: Vacuum Pump Market 2024

Vacuum Pump Exports

Exports in Central Asia

In 2022, the amount of vacuum pumps exported in Central Asia surged to X units, with an increase of 251% against the year before. Overall, exports showed tangible growth. The growth pace was the most rapid in 2015 with an increase of 300% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, vacuum pump exports skyrocketed to $X in 2022. In general, exports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 1,556% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan prevails in exports structure, finishing at X units, which was approx. 90% of total exports in 2022. Uzbekistan (X units) and Turkmenistan (X units) held a minor share of total exports.

Exports from Kazakhstan increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Turkmenistan (+23.1%) and Uzbekistan (+11.4%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +23.1% from 2012-2022. Uzbekistan (+4.2 p.p.) and Turkmenistan (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest vacuum pump supplier in Central Asia, comprising 91% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled -1.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkmenistan (+38.4% per year) and Uzbekistan (-17.0% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, rising by 4% against the previous year. Overall, the export price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of 314% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+12.4%), while the other leaders experienced a decline in the export price figures.

Vacuum Pump Imports

Imports in Central Asia

In 2022, vacuum pump imports in Central Asia contracted notably to X units, which is down by -17.3% on 2021 figures. In general, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2016 when imports increased by 197%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, vacuum pump imports skyrocketed to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 63% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Kazakhstan was the main importer of vacuum pumps in Central Asia, with the volume of imports accounting for X units, which was approx. 58% of total imports in 2022. Kyrgyzstan (X units) ranks second in terms of the total imports with a 19% share, followed by Uzbekistan (16%). The following importers - Tajikistan (X units), Turkmenistan (X units) and Mongolia (X units) - together made up 7.1% of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of vacuum pumps. At the same time, Uzbekistan (+87.1%), Tajikistan (+31.8%), Kyrgyzstan (+26.8%) and Mongolia (+21.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +87.1% from 2012-2022. Turkmenistan experienced a relatively flat trend pattern. Kyrgyzstan (+16 p.p.), Uzbekistan (+16 p.p.), Tajikistan (+2.4 p.p.) and Mongolia (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -34.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported vacuum pumps in Central Asia, comprising 78% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 14% share of total imports. It was followed by Tajikistan, with a 2.2% share.

In Kazakhstan, vacuum pump imports increased at an average annual rate of +4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (-15.3% per year) and Tajikistan (+24.0% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, with an increase of 75% against the previous year. In general, the import price recorded slight growth. The growth pace was the most rapid in 2017 an increase of 171% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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 Kazakhstan ($X per unit), while Kyrgyzstan ($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 (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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