Kazakhstan: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Kazakhstan

The Kazakh conveyor or transmission belt market skyrocketed to $X in 2021, increasing by 18% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Conveyor or transmission belt consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Kazakhstan

In value terms, conveyor or transmission belt production rose sharply to $X in 2021 estimated in export price. Overall, production, however, showed a precipitous slump. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. Conveyor or transmission belt production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Kazakhstan

In 2021, the amount of conveyor or transmission belts or belting exported from Kazakhstan soared to X tons, growing by 110% on 2020. In general, exports, however, faced a precipitous contraction. The pace of growth appeared the most rapid in 2019 with an increase of 192%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, conveyor or transmission belt exports soared to $X in 2021. Over the period under review, exports, however, recorded a sharp contraction. The most prominent rate of growth was recorded in 2019 with an increase of 122% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons) were the main destinations of conveyor or transmission belt exports from Kazakhstan, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +47.5%), while shipments for the other leaders experienced a decline.

In value terms, Russia ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the largest markets for conveyor or transmission belt exported from Kazakhstan worldwide, together accounting for 95% of total exports.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of +41.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, falling by -43.6% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Kazakhstan

In 2021, supplies from abroad of conveyor or transmission belts or belting increased by 12% to X tons, rising for the fifth year in a row after two years of decline. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, conveyor or transmission belt imports skyrocketed to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 increased by +81.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of conveyor or transmission belt to Kazakhstan, accounting for a 53% share of total imports. Moreover, conveyor or transmission belt imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.7% per year) and Poland (+6.7% per year).

In value terms, Russia ($X) constituted the largest supplier of conveyor or transmission belts or belting to Kazakhstan, comprising 49% of total imports. The second position in the ranking was taken by Poland ($X), with a 9.6% share of total imports. It was followed by China, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.7% per year) and China (-0.3% per year).

Import Prices by Country

In 2021, the average conveyor or transmission belt import price amounted to $X per ton, growing by 7.9% against the previous year. Over the period under review, the import price, however, saw a pronounced decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :