Kazakhstan: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Kazakhstan

The Kazakh electrical circuit apparatus market totaled $X in 2021, growing by 4.6% 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). In general, consumption, however, recorded a noticeable contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports from Kazakhstan

Electrical circuit apparatus exports from Kazakhstan skyrocketed to X tons in 2021, growing by 28% on 2020. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 87% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, electrical circuit apparatus exports rose markedly to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 77% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for electrical circuit apparatus exports from Kazakhstan, with a 55% share of total exports. Moreover, electrical circuit apparatus exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), fourfold. The third position in this ranking was held by Uzbekistan (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+21.8% per year) and Uzbekistan (+19.0% per year).

In value terms, Russia ($X) remains the key foreign market for electrical circuit apparatus exports from Kazakhstan, comprising 37% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 12% share of total exports. It was followed by Kyrgyzstan, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+10.9% per year) and Kyrgyzstan (+8.6% per year).

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per ton in 2021, shrinking by -11.7% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Armenia ($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 Uzbekistan (-6.8%), while the prices for the other major destinations experienced a decline.

Electrical Circuit Apparatus Imports

Imports into Kazakhstan

In 2021, approx. X tons of electrical apparatus for circuit connection, switching and protection were imported into Kazakhstan; growing by 14% on the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 14%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electrical circuit apparatus imports stood at $X in 2021. Over the period under review, imports, however, recorded a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Russia (X tons) and the United Arab Emirates (X tons) were the main suppliers of electrical circuit apparatus imports to Kazakhstan, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +75.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest electrical circuit apparatus suppliers to Kazakhstan were Russia ($X), China ($X) and the United Arab Emirates ($X), with a combined 69% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +58.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, reducing by -9.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 4.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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