Kazakhstan: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Kazakhstan

The Kazakh market for grinding, sanding and polishing machines shrank rapidly to $X in 2021, declining by -19.1% 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, showed resilient growth. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Exports of Grinding, Sanding and Polishing Machines

Exports from Kazakhstan

In 2021, approx. X units of grinding, sanding and polishing machines were exported from Kazakhstan; increasing by 31% compared with 2020 figures. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,550%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 4,035% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X units) was the main destination for grinding, sanding and polishing machine exports from Kazakhstan, accounting for a 66% share of total exports. Moreover, grinding, sanding and polishing machine exports to Uzbekistan exceeded the volume sent to the second major destination, Russia (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan stood at +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+18.2% per year) and Turkey (-7.4% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Kazakhstan, comprising 73% of total exports. The second position in the ranking was taken by Russia ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan amounted to +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+29.9% per year) and Turkey (+1.0% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, surging by 30% against the previous year. In general, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2015 an increase of 127%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Russia ($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 Russia (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding, Sanding and Polishing Machines

Imports into Kazakhstan

In 2021, imports of grinding, sanding and polishing machines into Kazakhstan contracted notably to X units, declining by -21.4% against the year before. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 393% against the previous year. As a result, imports attained the peak of X units, and then declined rapidly in the following year.

In value terms, grinding, sanding and polishing machine imports dropped to $X in 2021. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 251% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

China (X units), Russia (X units) and Switzerland (X units) were the main suppliers of grinding, sanding and polishing machine imports to Kazakhstan, with a combined 66% share of total imports. These countries were followed by the Czech Republic, Italy, Ukraine and Turkey, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +56.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding, sanding and polishing machine suppliers to Kazakhstan were Italy ($X), Russia ($X) and China ($X), with a combined 48% share of total imports. The Czech Republic, Switzerland, Turkey and Ukraine lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, the Czech Republic, with a CAGR of +60.2%, saw 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

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, surging by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2018 an increase of 95%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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