Kazakhstan: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Kazakhstan

The Kazakh market for bearing housings incorporating ball or roller bearings dropped to $X in 2022, shrinking by -8.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a significant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Kazakhstan

In 2022, the amount of bearing housings incorporating ball or roller bearings exported from Kazakhstan skyrocketed to X tons, increasing by 2,161% on the previous year. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing with ball bearing exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Belarus (X tons) and Lithuania (X tons) were the main destinations of bearing housing with ball bearing exports from Kazakhstan, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +57.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing with ball bearing exported from Kazakhstan were Russia ($X), Belarus ($X) and Lithuania ($X), with a combined 97% share of total exports.

Russia, with a CAGR of +38.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, with a decrease of -26.9% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2019 when the average export price increased by 64%. The export price peaked at $X per ton 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+52.1%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Kazakhstan

In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings increased by 8.7% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 344% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bearing housing with ball bearing imports rose markedly to $X in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 83% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing housing with ball bearing to Kazakhstan, accounting for a 51% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+45.6% per year) and Germany (+23.7% per year).

In value terms, the largest bearing housing with ball bearing suppliers to Kazakhstan were China ($X), Germany ($X) and Russia ($X), together comprising 48% of total imports. The United States, South Africa, Italy, Estonia, Turkey, Vietnam and Ukraine lagged somewhat behind, together comprising a further 27%.

Vietnam, with a CAGR of +88.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, surging by 5.3% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 51%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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