Kazakhstan: Shaft Coupling Market 2024

Shaft Coupling Market Size in Kazakhstan

The Kazakh shaft coupling market rose markedly to $X in 2022, with an increase of 7.9% 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). Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Shaft Coupling Exports

Exports from Kazakhstan

Shaft coupling exports from Kazakhstan soared to X tons in 2022, growing by 1,283% on the previous year. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, shaft coupling exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for shaft coupling exports from Kazakhstan, accounting for a 95% share of total exports. It was followed by Kyrgyzstan (X tons), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +53.3%.

In value terms, Russia ($X) remains the key foreign market for clutches and shaft couplings exports from Kazakhstan, comprising 86% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +50.4%.

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, growing by 6% against the previous year. In general, the export price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 372%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+37.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Kazakhstan

In 2022, imports of clutches and shaft couplings into Kazakhstan skyrocketed to X tons, growing by 26% compared with 2021 figures. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.4% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 36%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, shaft coupling imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shaft coupling to Kazakhstan, accounting for a 54% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+11.9% per year) and Italy (+18.3% per year).

In value terms, the largest shaft coupling suppliers to Kazakhstan were China ($X), Russia ($X) and the United States ($X), together accounting for 60% of total imports. Germany, Italy, Ukraine and Japan lagged somewhat behind, together comprising a further 21%.

Italy, with a CAGR of +10.9%, 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 shaft coupling import price amounted to $X per ton, rising by 9.5% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling import price increased by +71.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 25%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 the United States (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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