Central Asia: Tools For Bearing Market 2024

Tools For Bearing Market Size in Central Asia

In 2022, the Central Asian tools for bearing market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, enjoyed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Tools For Bearing Production in Central Asia

In value terms, tools for bearing production dropped modestly to $X in 2022 estimated in export price. In general, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Tools For Bearing Exports

Exports in Central Asia

Tools for bearing exports surged to X tons in 2022, jumping by X% against the year before. In general, exports, however, showed a noticeable decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tools for bearing exports soared to $X in 2022. Overall, exports saw a buoyant expansion. As a result, the exports reached 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. It was distantly followed by Uzbekistan (X tons), committing an X% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. Uzbekistan experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, the largest tools for bearing supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

In terms of the main exporting countries, Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Kazakhstan (X%).

Tools For Bearing Imports

Imports in Central Asia

In 2022, after two years of decline, there was significant growth in supplies from abroad of balls, needles and rollers for ball or roller bearings, when their volume increased by X% to X tons. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tools for bearing imports soared to $X in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. The following importers - Mongolia (X tons), Tajikistan (X tons), Turkmenistan (X tons) and Kyrgyzstan (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tools for bearing imports into Kazakhstan stood at X%. At the same time, Mongolia (X%), Kyrgyzstan (X%), Turkmenistan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) and Mongolia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (X p.p.) and Tajikistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked at $X 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 importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Tajikistan ($X per ton) 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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