Kazakhstan: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Kazakhstan

The Kazakh market for instruments for measuring electrical quantities soared to $X in 2021, jumping by 72% 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 resilient growth. Instruments for measuring electrical quantities consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports from Kazakhstan

In 2021, the amount of instruments for measuring electrical quantities exported from Kazakhstan soared to X units, picking up by 28% compared with 2020 figures. In general, exports, however, saw a sharp decrease. The growth pace was the most rapid in 2018 when exports increased by 72% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports shrank notably to $X in 2021. Overall, exports, however, saw a precipitous descent. The most prominent rate of growth was recorded in 2017 with an increase of 203% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for instruments for measuring electrical quantities exports from Kazakhstan, accounting for a 84% share of total exports. Moreover, instruments for measuring electrical quantities exports to Russia exceeded the volume sent to the second major destination, Italy (X units), ninefold. Uzbekistan (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled -35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+33.9% per year) and Uzbekistan (-42.7% per year).

In value terms, Italy ($X), Russia ($X) and Uzbekistan ($X) appeared to be the largest markets for instruments for measuring electrical quantities exported from Kazakhstan worldwide, with a combined 93% share of total exports.

Italy, with a CAGR of +49.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, falling by -59.9% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 198%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: 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 the Netherlands (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Kazakhstan

In 2021, approx. X units of instruments for measuring electrical quantities were imported into Kazakhstan; rising by 62% on the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 83%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities imports skyrocketed to $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Russia (X units) and Italy (X units) were the main suppliers of instruments for measuring electrical quantities imports to Kazakhstan, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +23.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest instruments for measuring electrical quantities suppliers to Kazakhstan were Russia ($X), China ($X) and Italy ($X), with a combined 60% share of total imports.

Italy, with a CAGR of +37.8%, recorded the highest rates of growth with regard to the value of imports, among 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 instruments for measuring electrical quantities amounted to $X per unit, picking up by 33% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities import price increased by +68.3% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Ukraine ($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 (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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