Kazakhstan: Passenger Car Market 2024

Passenger Car Market Size in Kazakhstan

The Kazakh passenger car market skyrocketed to $X in 2021, rising by 103% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Production in Kazakhstan

In value terms, passenger car production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 372%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Passenger Car Exports

Exports from Kazakhstan

In 2021, overseas shipments of passenger cars increased by 127% to X units, rising for the third consecutive year after two years of decline. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,988%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, passenger car exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,252% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X units), Russia (X units) and Belarus (X units) were the main destinations of passenger car exports from Kazakhstan, together accounting for 30% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +86.2%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) emerged as the key foreign market for passenger cars exports from Kazakhstan, comprising 26% of total exports. The second position in the ranking was taken by Russia ($X), with a 5.1% share of total exports. It was followed by Kyrgyzstan, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uzbekistan amounted to +107.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+50.3% per year) and Kyrgyzstan (+30.5% per year).

Export Prices by Country

The average passenger car export price stood at $X per unit in 2021, with a decrease of -19.9% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 193% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, 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 Tajikistan (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports

Imports into Kazakhstan

In 2021, supplies from abroad of passenger cars increased by 86% to X units, rising for the fifth year in a row after three years of decline. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car imports soared to $X in 2021. Over the period under review, imports continue to indicate a tangible expansion. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of passenger car to Kazakhstan, accounting for a 30% share of total imports. Moreover, passenger car imports from Russia exceeded the figures recorded by the second-largest supplier, Uzbekistan (X units), twofold. Japan (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (-2.8% per year) and Japan (-12.1% per year).

In value terms, Russia ($X) constituted the largest supplier of passenger cars to Kazakhstan, comprising 21% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 9.5% share of total imports. It was followed by Japan, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+7.0% per year) and Japan (-13.2% per year).

Import Prices by Country

In 2021, the average passenger car import price amounted to $X per unit, jumping by 30% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 58%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Turkey ($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 UK (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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