Central Asia: Bearing Market 2024

Bearing Market Size in Central Asia

After two years of growth, the Central Asian bearing market decreased by X% to $X in 2022. Over the period under review, consumption saw a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Bearing Production in Central Asia

In value terms, bearing production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Bearing Exports

Exports in Central Asia

In 2022, shipments abroad of ball or roller bearings was finally on the rise to reach X tons after two years of decline. In general, exports saw a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing exports skyrocketed to $X in 2022. Over the period under review, exports saw slight growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bearing exports from Kazakhstan stood at X%. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

In value terms, Kazakhstan ($X) remains the largest bearing supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, bearing exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Bearing Imports

Imports in Central Asia

Bearing imports expanded rapidly to X tons in 2022, increasing by X% on the year before. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, bearing imports rose notably to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan represented the major importer of ball or roller bearings in Central Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), creating an X% share of total imports. Mongolia (X tons) and Kyrgyzstan (X tons) held a relatively small share of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Kyrgyzstan experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) and Mongolia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported ball or roller bearings in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

In Kazakhstan, bearing imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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