Kazakhstan: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Kazakhstan

In 2021, the Kazakh machine-tool for working wood market increased by 66% to $X, rising for the fifth year in a row after two years of decline. In general, consumption posted tangible growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Wood

Exports from Kazakhstan

In 2021, shipments abroad of machine-tools for working wood increased by 120% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 534%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working wood exports soared to $X in 2021. Over the period under review, exports saw a moderate expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 795% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for machine-tool for working wood exports from Kazakhstan, with a 83% share of total exports. Moreover, machine-tool for working wood exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), ninefold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+37.0% per year) and Kyrgyzstan (+51.8% per year).

In value terms, Russia ($X) remains the key foreign market for machine-tools for working wood exports from Kazakhstan, comprising 63% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 23% share of total exports. It was followed by Kyrgyzstan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+33.1% per year) and Kyrgyzstan (+47.7% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, rising by 17% against the previous year. Overall, the export price showed a slight expansion. The pace of growth was the most pronounced in 2020 an increase of 45%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+41.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Wood

Imports into Kazakhstan

In 2021, supplies from abroad of machine-tools for working wood increased by 23% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 34% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. Overall, imports saw a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Kazakhstan, accounting for a 63% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+10.2% per year) and South Korea (+53.1% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Kazakhstan, comprising 49% of total imports. The second position in the ranking was taken by Russia ($X), with a 20% share of total imports. It was followed by Turkey, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+14.0% per year) and Turkey (+1.3% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, picking up by 53% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for working wood import price increased by +92.0% against 2017 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 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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