Central Asia: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Central Asia

The Central Asian driving and non-driving axle market expanded rapidly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Drive-Axles with Differential and Non-Driving Axles in Central Asia

In value terms, driving and non-driving axle production declined to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Central Asia

In 2022, approx. X tons of drive-axles with differential and non-driving axles were exported in Central Asia; increasing by X% compared with the previous year's figure. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, driving and non-driving axle exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) dominates exports structure, together committing X% of total exports. Kyrgyzstan (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

From 2012 to 2022, the average annual growth rate of value in Uzbekistan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, posted notable growth. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

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 Kyrgyzstan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Central Asia

In 2022, imports of drive-axles with differential and non-driving axles in Central Asia skyrocketed to X tons, with an increase of X% on the year before. Overall, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, driving and non-driving axle imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together committing X% of total imports. It was distantly followed by Kyrgyzstan (X tons), generating a X% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

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

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

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

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform