Kazakhstan: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Kazakhstan

The Kazakh market for toothed wheels, chain sprockets and other transmission elements surged to $X in 2021, growing by 101% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Kazakhstan

Exports of toothed wheels, chain sprockets and other transmission elements from Kazakhstan reduced markedly to X tons in 2021, declining by -68.3% on the previous year's figure. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 273%. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements plummeted to $X in 2021. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 254%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Russia (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Kazakhstan, accounting for a 75% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Russia exceeded the volume sent to the second major destination, China (X kg), more than tenfold. The third position in this ranking was taken by Kyrgyzstan (X kg), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+18.1% per year) and Kyrgyzstan (+8.0% per year).

In value terms, Russia ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Kazakhstan, comprising 60% of total exports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total exports. It was followed by Kyrgyzstan, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+8.1% per year) and Kyrgyzstan (+31.0% per year).

Export Prices by Country

In 2021, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, rising by 11% against the previous year. In general, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 74% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Armenia ($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 Kyrgyzstan (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Kazakhstan

In 2021, approx. X tons of toothed wheels, chain sprockets and other transmission elements were imported into Kazakhstan; picking up by 101% on the previous year's figure. In general, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Kazakhstan, with a 57% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. Ukraine (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+5.0% per year) and Ukraine (-0.7% per year).

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Kazakhstan were Russia ($X), China ($X) and Germany ($X), together accounting for 52% of total imports. These countries were followed by Ukraine, France and the United States, which together accounted for a further 8.1%.

In terms of the main suppliers, France, with a CAGR of +23.9%, saw the highest rates of growth with regard to 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 toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, declining by -1.5% against the previous year. Overall, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 2.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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