Kazakhstan: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Kazakhstan

After two years of growth, the Kazakh market for turbo, rotary and reciporating displacement compressors decreased by -22.8% to $X in 2022. Over the period under review, consumption, however, continues to indicate a pronounced expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Kazakhstan

Exports of turbo, rotary and reciporating displacement compressors from Kazakhstan surged to X units in 2022, rising by 441% compared with the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 202%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Kazakhstan, accounting for a 96% share of total exports. It was followed by Slovakia (X units), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +87.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-24.7% per year) and Germany (-15.6% per year).

In value terms, Russia ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Kazakhstan, comprising 81% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +84.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-10.0% per year) and Germany (-1.2% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, which is down by -74.3% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 117% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Kazakhstan

In 2022, after two years of growth, there was significant decline in overseas purchases of turbo, rotary and reciporating displacement compressors, when their volume decreased by -29.5% to X units. Overall, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 165%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 397%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Russia (X units) and Hungary (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Kazakhstan, with a combined 54% share of total imports. Romania, Lithuania, the United States, Italy, Belarus and Ukraine lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +932.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Italy ($X) and the United States ($X) constituted the largest turbo, rotary and reciporating displacement compressor suppliers to Kazakhstan, with a combined 71% share of total imports.

Romania, with a CAGR of +2,382.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, picking up by 85% against the previous year. Over the period under review, the import price recorded a noticeable increase. The pace of growth appeared the most rapid in 2018 an increase of 276%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+140.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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