Central Asia: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Central Asia

The Central Asian market for electrical lighting or visual signaling equipment for motor vehicles and cycles rose markedly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Central Asia

In value terms, lighting equipment for motor vehicles production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in Central Asia

For the seventh year in a row, Central Asia recorded growth in overseas shipments of electrical lighting or visual signaling equipment for motor vehicles and cycles, which increased by X% to X units in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, lighting equipment for motor vehicles exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Uzbekistan (X units) and Kazakhstan (X units) dominates exports structure, together creating X% of total exports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) remains the largest lighting equipment for motor vehicles supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an X% share of total exports.

In Uzbekistan, lighting equipment for motor vehicles exports 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: 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 unit, declining by X% against the previous year. In general, the export price, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in Central Asia

In 2022, purchases abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, lighting equipment for motor vehicles imports shrank to $X in 2022. Over the period under review, imports saw a prominent 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 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan (X units) and Uzbekistan (X units) dominates imports structure, together mixing up X% of total imports. It was distantly followed by Kyrgyzstan (X units), mixing up a X% share of total imports. Turkmenistan (X units) took a little share of total imports.

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, the largest lighting equipment for motor vehicles importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined X% share of total imports.

Among 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

In 2022, the import price in Central Asia amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Turkmenistan ($X per unit) and Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) and Uzbekistan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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