Kazakhstan: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Kazakhstan

The Kazakh electric heating resistor market rose slightly to $X in 2021, picking up by 4.3% 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, consumption, however, showed a relatively flat trend pattern. Electric heating resistor consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electric Heating Resistor Exports

Exports from Kazakhstan

In 2021, after four years of growth, there was significant decline in shipments abroad of electric heating resistors, when their volume decreased by -43.1% to X units. In general, exports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 118%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, electric heating resistor exports reduced rapidly to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 79% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X units) was the main destination for electric heating resistor exports from Kazakhstan, accounting for a 44% share of total exports. Moreover, electric heating resistor exports to Kyrgyzstan exceeded the volume sent to the second major destination, Uzbekistan (X units), twofold. Belarus (X units) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+118.0% per year) and Belarus (+282.0% per year).

In value terms, Kyrgyzstan ($X), Russia ($X) and Belarus ($X) were the largest markets for electric heating resistor exported from Kazakhstan worldwide, together comprising 67% of total exports.

Among the main countries of destination, Belarus, with a CAGR of +278.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electric heating resistor export price amounted to $X per unit, growing by 14% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 41%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Heating Resistor Imports

Imports into Kazakhstan

In 2021, electric heating resistor imports into Kazakhstan reduced to X units, remaining constant against 2020 figures. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 85% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, electric heating resistor imports amounted to $X in 2021. Over the period under review, imports showed a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of 56% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest electric heating resistor supplier to Kazakhstan, accounting for a 67% share of total imports. Moreover, electric heating resistor imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and Turkey (+8.0% per year).

In value terms, the largest electric heating resistor suppliers to Kazakhstan were Russia ($X), China ($X) and Denmark ($X), with a combined 70% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +5.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2021, growing by 9.8% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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