Kazakhstan: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Kazakhstan

In 2021, the Kazakh market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 13% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Kazakhstan

In 2021, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exported from Kazakhstan rose significantly to X units, increasing by 6.7% against the previous year's figure. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 298%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, grease fittings and oil seals exports surged to $X in 2021. Overall, exports, however, recorded a deep slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X units) was the main destination for grease fittings and oil seals exports from Kazakhstan, accounting for a 47% share of total exports. Moreover, grease fittings and oil seals exports to Ukraine exceeded the volume sent to the second major destination, Germany (X units), threefold. Russia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Ukraine totaled +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.0% per year) and Russia (-28.2% per year).

In value terms, the largest markets for grease fittings and oil seals exported from Kazakhstan were Kyrgyzstan ($X), Germany ($X) and Ukraine ($X), with a combined 78% share of total exports.

Ukraine, with a CAGR of +32.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, increasing by 35% against the previous year. In general, the export price enjoyed a modest expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 105% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Russia ($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 Kyrgyzstan (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Kazakhstan

In 2021, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were imported into Kazakhstan; with an increase of 21% on the previous year's figure. Overall, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 368%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grease fittings and oil seals imports dropped modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when imports increased by 153% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Russia (X units) and China (X units) were the main suppliers of grease fittings and oil seals imports to Kazakhstan, together comprising 91% of total imports. These countries were followed by Slovenia, the United Arab Emirates, the UK and Mexico, which together accounted for a further 4.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +994.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and China ($X) were the largest grease fittings and oil seals suppliers to Kazakhstan, with a combined 74% share of total imports. These countries were followed by the United Arab Emirates, Slovenia, the UK and Mexico, which together accounted for a further 10%.

Among the main suppliers, Slovenia, with a CAGR of +1,025.7%, 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 non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, with a decrease of -19.6% against the previous year. In general, the import price showed a deep slump. The pace of growth appeared the most rapid in 2018 an increase of 114%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+34.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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