Kazakhstan: Gear Box Market 2025

Gear Box Market Size in Kazakhstan

In 2022, the Kazakh gear box market increased by 358% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gear Box Exports

Exports from Kazakhstan

In 2022, exports of gear boxes from Kazakhstan shrank to X units, declining by -6.9% on 2021. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 624%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, gear box exports contracted notably to $X in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by 1,816%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for gear box exports from Kazakhstan, accounting for a 78% share of total exports. Moreover, gear box exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X units), tenfold. Afghanistan (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+60.9% per year) and Afghanistan (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for gear boxes exports from Kazakhstan, comprising 70% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 16% share of total exports. It was followed by Uzbekistan, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+72.6% per year) and Uzbekistan (+295.9% per year).

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, dropping by -23.6% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 184%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Uzbekistan ($X per unit), while the average price for exports to Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into Kazakhstan

In 2022, purchases abroad of gear boxes increased by 242% to X units, rising for the second year in a row after two years of decline. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gear box imports soared to $X in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Korea (X units) constituted the largest gear box supplier to Kazakhstan, accounting for a 62% share of total imports. Moreover, gear box imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Russia (X units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +133.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.8% per year) and Russia (-1.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of gear boxes to Kazakhstan, comprising 71% of total imports. The second position in the ranking was held by Russia ($X), with a 9.7% share of total imports. It was followed by China, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea totaled +145.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.5% per year) and China (+27.9% per year).

Import Prices by Country

The average gear box import price stood at $X per unit in 2022, jumping by 38% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gear box import price increased by +84.7% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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