Central Asia: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Central Asia

The Central Asian walking-sticks and whips market declined to $X in 2021, with a decrease of -12.3% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Walking-Sticks And Whips Production in Central Asia

In value terms, walking-sticks and whips production shrank rapidly to $X in 2021 estimated in export price. In general, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 123% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Walking-Sticks And Whips Exports

Exports in Central Asia

In 2021, shipments abroad of walking-sticks, seat-sticks, whips and riding-crops decreased by -28.3% to X kg, falling for the second year in a row after three years of growth. In general, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2015 when exports increased by 174% against the previous year. The volume of export peaked at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, walking-sticks and whips exports surged to $X in 2021. Overall, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2015 when exports increased by 663%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Kyrgyzstan (X kg) represented the largest exporter of walking-sticks, seat-sticks, whips and riding-crops, mixing up 68% of total exports. Uzbekistan (X kg) ranks second in terms of the total exports with a 13% share, followed by Mongolia (11%) and Kazakhstan (7.9%).

From 2012 to 2021, average annual rates of growth with regard to walking-sticks and whips exports from Kyrgyzstan stood at -8.4%. At the same time, Uzbekistan (+11.8%) and Mongolia (+8.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +11.8% from 2012-2021. By contrast, Kazakhstan (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Mongolia increased by +13 and +7.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest walking-sticks and whips supplying countries in Central Asia were Uzbekistan ($X), Kyrgyzstan ($X) and Kazakhstan ($X), with a combined 97% share of total exports.

Uzbekistan, with a CAGR of +50.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 93% against the previous year. In general, the export price saw prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 239%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+31.0%), while the other leaders experienced a decline in the export price figures.

Walking-Sticks And Whips Imports

Imports in Central Asia

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops imported in Central Asia skyrocketed to X tons, with an increase of 48% compared with the year before. Overall, imports recorded a slight expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 28% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the key importer of walking-sticks, seat-sticks, whips and riding-crops in Central Asia, with the volume of imports finishing at X tons, which was approx. 58% of total imports in 2021. It was distantly followed by Kyrgyzstan (X tons) and Turkmenistan (X tons), together constituting a 36% share of total imports. The following importers - Mongolia (X kg) and Uzbekistan (X kg) - together made up 5.2% of total imports.

From 2012 to 2021, the biggest increases were in Turkmenistan (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported walking-sticks, seat-sticks, whips and riding-crops in Central Asia, comprising 62% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 21% share of total imports. It was followed by Uzbekistan, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to -1.9%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+22.8% per year) and Uzbekistan (+21.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, declining by -17.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 51% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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