Kazakhstan: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Kazakhstan

In 2021, the Kazakh machine-tool for removing material market increased by 89% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption continues to indicate a moderate expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Kazakhstan

In 2021, exports of machine-tools for working any material by removal of material from Kazakhstan soared to X units, with an increase of 344% compared with 2020. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 465%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for machine-tool for removing material exports from Kazakhstan, with a 70% share of total exports. Moreover, machine-tool for removing material exports to Russia exceeded the volume sent to the second major destination, the Netherlands (X units), sixfold. The third position in this ranking was held by Uzbekistan (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+19.6% per year) and Uzbekistan (-85.7% per year).

In value terms, Russia ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Kazakhstan, comprising 79% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.7% share of total exports. It was followed by Ukraine, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+170.8% per year) and Ukraine (+198.8% per year).

Export Prices by Country

In 2021, the average machine-tool for removing material export price amounted to $X per unit, with an increase of 61% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2014 when the average export price increased by 168%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to China ($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 (+127.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Kazakhstan

In 2021, approx. X units of machine-tools for working any material by removal of material were imported into Kazakhstan; picking up by 124% on the previous year's figure. In general, imports enjoyed a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports soared to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 43% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Kazakhstan, accounting for a 62% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. Slovakia (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+28.2% per year) and Slovakia (+18.3% per year).

In value terms, China ($X), Slovakia ($X) and Russia ($X) were the largest machine-tool for removing material suppliers to Kazakhstan, with a combined 71% share of total imports.

Slovakia, with a CAGR of +16.2%, 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

The average machine-tool for removing material import price stood at $X per unit in 2021, which is down by -40.9% against the previous year. Overall, the import price, however, showed a tangible increase. The pace of growth appeared the most rapid in 2016 an increase of 208%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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 the Netherlands (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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