Kazakhstan: Transmission Shaft Market 2024

Transmission Shaft Market Size in Kazakhstan

The Kazakh transmission shaft market skyrocketed to $X in 2022, growing by 20% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.2% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Transmission Shaft Production in Kazakhstan

In value terms, transmission shaft production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 22%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Transmission Shaft Exports

Exports from Kazakhstan

In 2022, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were exported from Kazakhstan; rising by 232% compared with the year before. In general, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, transmission shaft exports surged to $X in 2022. Overall, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for transmission shaft exports from Kazakhstan, accounting for a 73% share of total exports. Moreover, transmission shaft exports to Russia exceeded the volume sent to the second major destination, Canada (X tons), fourfold. Belarus (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+116.2% per year) and Belarus (-3.3% per year).

In value terms, Russia ($X) remains the key foreign market for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exports from Kazakhstan, comprising 74% of total exports. The second position in the ranking was held by Belarus ($X), with a 5.4% share of total exports. It was followed by Canada, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+6.0% per year) and Canada (+48.3% per year).

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, declining by -18.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2018 an increase of 45% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped rapidly in the following year.

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 Belarus ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Kazakhstan

In 2022, imports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain into Kazakhstan soared to X tons, with an increase of 23% against 2021. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.1% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 27%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, transmission shaft imports soared to $X in 2022. Overall, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of transmission shaft imports to Kazakhstan, together accounting for 74% of total imports. The United States, Japan, South Korea, Italy, Ukraine, Turkey and Israel lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +87.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft suppliers to Kazakhstan were Russia ($X), China ($X) and the United States ($X), together accounting for 51% of total imports. Germany, Italy, South Korea, Japan, Turkey, Israel and Ukraine lagged somewhat behind, together comprising a further 29%.

Israel, with a CAGR of +71.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 transmission shaft import price amounted to $X per ton, rising by 10% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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