Report Update: May 1, 2024

Kazakhstan - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights

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Interchangeable Spanner Socket Price in Kazakhstan - 2021

Interchangeable Spanner Socket Price in Kazakhstan (CIF) - 2022

In 2022, the average interchangeable spanner socket import price amounted to $5,510 per ton, dropping by -28.7% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $10,416 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($12,461 per ton), while the price for China ($2,572 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.0%), while the prices for the other major suppliers experienced a decline.

Interchangeable Spanner Socket Price in Kazakhstan (FOB) - 2022

In 2022, the average interchangeable spanner socket export price amounted to $5,745 per ton, shrinking by -70.5% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 122%. The export price peaked at $19,482 per ton in 2021, and then dropped sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($47,000 per ton), while the average price for exports to Russia ($3,591 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 Iraq (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Interchangeable Spanner Socket Imports in Kazakhstan

In 2022, overseas purchases of interchangeable spanner sockets decreased by -25.3% to 477 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of 639 tons, and then declined significantly in the following year.

In value terms, interchangeable spanner socket imports contracted dramatically to $2.6M in 2022. Over the period under review, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of $4.9M, and then dropped markedly in the following year.

Import of Interchangeable Spanner Socket in Kazakhstan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	898	599	284	968	2.5%
Russia	397	1,071	1,467	529	10.0%
Taiwan (Chinese)	147	285	636	333	31.3%
United Arab Emirates	405	598	1,438	N/A	88.4%
Others	474	748	1,115	800	19.1%
Total	2,321	3,301	4,939	2,630	4.3%

Top Suppliers of Interchangeable Spanner Socket to Kazakhstan in 2022:

China (376.3 tons)
Russia (56.6 tons)
Taiwan (Chinese) (26.8 tons)

Interchangeable Spanner Socket Exports in Kazakhstan

In 2022, overseas shipments of interchangeable spanner sockets were finally on the rise to reach 6.8 tons after two years of decline. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, interchangeable spanner socket exports skyrocketed to $39K in 2022. In general, exports, however, continue to indicate a deep setback.

Export of Interchangeable Spanner Socket in Kazakhstan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	5.0	6.4	N/A	21.9	63.6%
Germany	5.2	6.5	3.1	6.1	5.5%
United Kingdom	0.9	N/A	2.8	3.9	63.0%
Kyrgyzstan	2.7	0.6	0.1	1.6	-16.0%
Turkmenistan	16.7	N/A	N/A	0.2	-77.1%
Uzbekistan	18.9	0.2	0.2	N/A	-89.7%
Turkey	N/A	1.2	N/A	N/A	0%
Ukraine	7.7	N/A	N/A	N/A	0%
Others	2.1	9.1	1.0	5.5	37.8%
Total	59.2	24.1	7.2	39.2	-12.8%

Top Export Markets for Interchangeable Spanner Socket from Kazakhstan in 2022:

Russia (6097.0 kg)
Germany (243.0 kg)
United Kingdom (238.0 kg)
Kyrgyzstan (89.0 kg)
Turkmenistan (5.0 kg)
Uzbekistan (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the interchangeable spanner socket market in Kazakhstan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733037 - Interchangeable spanner sockets

Country coverage:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023