Kazakhstan: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Kazakhstan

The Kazakh market for forage harvesters and other harvesting machines skyrocketed to $X in 2021, picking up by 107% 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). Over the period under review, consumption posted a resilient expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Kazakhstan

In 2021, shipments abroad of forage harvesters and other harvesting machines decreased by -63.2% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,167% against the previous year. As a result, the exports attained the peak of X units, and then shrank dramatically in the following year.

In value terms, exports of forage harvesters and other harvesting machines declined significantly to $X in 2021. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,668%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Uzbekistan (X units) was the main destination for exports of forage harvesters and other harvesting machines from Kazakhstan, with a 79% share of total exports. Moreover, exports of forage harvesters and other harvesting machines to Uzbekistan exceeded the volume sent to the second major destination, Russia (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan amounted to +62.5%.

In value terms, Uzbekistan ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from Kazakhstan, comprising 77% of total exports. The second position in the ranking was held by Russia ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Uzbekistan stood at +79.1%.

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2021, increasing by 75% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 an increase of 153%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Uzbekistan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+8.2%).

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Kazakhstan

In 2021, the amount of forage harvesters and other harvesting machines imported into Kazakhstan skyrocketed to X units, picking up by 30% compared with the previous year's figure. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 103% against the previous year. Over the period under review, imports of attained the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines soared to $X in 2021. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 136%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest forage harvesters and other harvesting machines supplier to Kazakhstan, with a 46% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X units), threefold. The United States (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+37.7% per year) and the United States (+6.7% per year).

In value terms, the largest forage harvesters and other harvesting machines suppliers to Kazakhstan were Russia ($X), Germany ($X) and Belarus ($X), together accounting for 65% of total imports.

Belarus, with a CAGR of +44.2%, saw 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 2021, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, increasing by 27% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average 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 Germany ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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