Central Asia: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Central Asia

In 2022, after two years of growth, there was decline in the Central Asian market for vacuum pumps and air or gas compressors, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Central Asia

In value terms, production of vacuum pumps and air or gas compressors expanded to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Central Asia

In 2022, overseas shipments of vacuum pumps and air or gas compressors were finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; afterwards, it flattened through to 2022.

In value terms, exports of vacuum pumps and air or gas compressors soared to $X in 2022. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Kazakhstan (X units) represented the main exporter of vacuum pumps and air or gas compressors, achieving X% of total exports. Kyrgyzstan (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%). Mongolia (X units) took a relatively small share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. Kyrgyzstan (X p.p.), Kazakhstan (X p.p.), Uzbekistan (X p.p.) and Mongolia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest vacuum pump and air or gas compressor supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

In Kazakhstan, exports of vacuum pumps and air or gas compressors increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Central Asia

In 2022, overseas purchases of vacuum pumps and air or gas compressors increased by X% to X units, rising for the seventh year in a row after two years of decline. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Uzbekistan (X units) was the major importer of vacuum pumps and air or gas compressors, making up X% of total imports. Kazakhstan (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%). Turkmenistan (X units) and Tajikistan (X units) held a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the vacuum pumps and air or gas compressors imports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Kazakhstan experienced a relatively flat trend pattern. By contrast, Turkmenistan (X%) and Tajikistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Turkmenistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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