Kazakhstan: Tractor Market 2024

Tractor Market Size in Kazakhstan

In 2022, the Kazakh tractor market decreased by -12.4% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, showed resilient growth. Tractor consumption peaked at $X in 2021, and then declined in the following year.

Tractor Production in Kazakhstan

In value terms, tractor production rose rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. Tractor production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tractor Exports

Exports from Kazakhstan

After two years of growth, shipments abroad of tractors decreased by -8% to X units in 2022. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 325% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tractor exports skyrocketed to $X in 2022. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by 301% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X units) was the main destination for tractor exports from Kazakhstan, accounting for a 46% share of total exports. It was followed by Latvia (X units), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan totaled +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (-13.2% per year) and Uzbekistan (-10.4% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for tractors exports from Kazakhstan, comprising 47% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 0.5% share of total exports. It was followed by Latvia, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kyrgyzstan totaled +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-7.1% per year) and Latvia (-24.6% per year).

Export Prices by Country

The average tractor export price stood at $X per unit in 2022, jumping by 32% against the previous year. In general, the export price posted prominent growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 217% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tractor Imports

Imports into Kazakhstan

In 2022, tractor imports into Kazakhstan dropped rapidly to X units, shrinking by -26.6% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 79% against the previous year. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, tractor imports expanded markedly to $X in 2022. Over the period under review, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 61%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Poland (X units) and Sweden (X units) were the main suppliers of tractor imports to Kazakhstan, together comprising 27% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +82.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tractor suppliers to Kazakhstan were China ($X), Germany ($X) and the Netherlands ($X), together comprising 19% of total imports. These countries were followed by Russia, Sweden, Poland, Belarus and the Czech Republic, which together accounted for a further 10%.

In terms of the main suppliers, Poland, with a CAGR of +29.2%, recorded 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 2022, the average tractor import price amounted to $X per unit, increasing by 47% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :