Kazakhstan: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Kazakhstan

In 2021, the Kazakh machine-tool for working metal market increased by 67% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Machine-tool for working metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from Kazakhstan

In 2021, approx. X units of machine tools for working metal were exported from Kazakhstan; surging by 1,742% compared with the previous year. In general, exports saw prominent growth. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. Overall, exports posted a prominent expansion. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for machine-tool for working metal exports from Kazakhstan, accounting for a 63% share of total exports. Moreover, machine-tool for working metal exports to Russia exceeded the volume sent to the second major destination, Lithuania (X units), threefold. The third position in this ranking was held by Iran (X units), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +60.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+35.0% per year) and Iran (+23.0% per year).

In value terms, Russia ($X) emerged as the key foreign market for machine tools for working metal exports from Kazakhstan, comprising 68% of total exports. The second position in the ranking was held by Lithuania ($X), with a 4% share of total exports. It was followed by Azerbaijan, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+29.3% per year) and Azerbaijan (-2.0% per year).

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2021, jumping by 20% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Afghanistan ($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 Azerbaijan (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Kazakhstan

Machine-tool for working metal imports into Kazakhstan surged to X units in 2021, growing by 106% on the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 147%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 153%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of machine-tool for working metal to Kazakhstan, accounting for a 49% share of total imports. Moreover, machine-tool for working metal imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.9% per year) and Vietnam (+72.5% per year).

In value terms, China ($X), Russia ($X) and Bulgaria ($X) were the largest machine-tool for working metal suppliers to Kazakhstan, together accounting for 45% of total imports. Turkey, Vietnam and Italy lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Vietnam, with a CAGR of +76.3%, 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 machine-tool for working metal import price amounted to $X per unit, shrinking by -16% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 44% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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