Kazakhstan: Power Tool Market 2024

Power Tool Market Size in Kazakhstan

In 2021, the Kazakh power tool market increased by 57% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, recorded a perceptible slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Power Tool Exports

Exports from Kazakhstan

In 2021, after five years of growth, there was significant decline in overseas shipments of power tools, when their volume decreased by -6.3% to X units. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 132% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, power tool exports soared to $X in 2021. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 64% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Uzbekistan (X units) was the main destination for power tool exports from Kazakhstan, with a 61% share of total exports. Moreover, power tool exports to Uzbekistan exceeded the volume sent to the second major destination, Russia (X units), threefold. The third position in this ranking was taken by Turkmenistan (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan totaled +136.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-10.8% per year) and Turkmenistan (+110.1% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for power tools exports from Kazakhstan, comprising 66% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports. It was followed by Turkmenistan, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uzbekistan amounted to +110.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-11.5% per year) and Turkmenistan (+85.1% per year).

Export Prices by Country

In 2021, the average power tool export price amounted to $X per unit, growing by 24% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Mongolia ($X per unit), while the average price for exports to Russia ($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 (+0.2%), while the prices for the other major destinations experienced a decline.

Power Tool Imports

Imports into Kazakhstan

In 2021, supplies from abroad of power tools increased by 51% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 626%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, power tool imports skyrocketed to $X in 2021. In general, imports showed noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main power tool supplier to Kazakhstan, accounting for a 143% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+30.1% per year) and Germany (+5.1% per year).

In value terms, China ($X) constituted the largest supplier of power tools to Kazakhstan, comprising 103% of total imports. The second position in the ranking was held by Russia ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+21.2% per year) and Germany (+0.3% per year).

Import Prices by Country

The average power tool import price stood at $X per unit in 2021, rising by 34% against the previous year. In general, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 480%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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