Central Asia: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Central Asia

In 2023, the Central Asian market for forage harvesters and other harvesting machines increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Overall, consumption continues to indicate a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Forage Harvesters and Other Harvesting Machines in Central Asia

In value terms, production of forage harvesters and other harvesting machines surged to $X in 2023 estimated in export price. In general, production recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production of growth remained at a somewhat lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in Central Asia

In 2023, shipments abroad of forage harvesters and other harvesting machines was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines shrank notably to $X in 2023. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

Uzbekistan represented the largest exporter of forage harvesters and other harvesting machines in Central Asia, with the volume of exports finishing at X units, which was near X% of total exports in 2023. Kazakhstan (X units) ranks second in terms of the total exports with a X% share, followed by Kyrgyzstan (X%).

From 2012 to 2023, average annual rates of growth with regard to forage harvesters and other harvesting machines exports from Uzbekistan stood at X%. Kazakhstan (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest forage harvesters and other harvesting machines supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2023, 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: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2023, 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 Forage Harvesters and Other Harvesting Machines

Imports in Central Asia

In 2023, purchases abroad of forage harvesters and other harvesting machines increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines expanded notably to $X in 2023. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the major importing country with an import of about X units, which finished at X% of total imports. Uzbekistan (X units) ranks second in terms of the total imports with a X% share, followed by Turkmenistan (X%) and Kyrgyzstan (X%). Mongolia (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest forage harvesters and other harvesting machines importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), together comprising X% of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Central Asia stood at $X per unit in 2023, waning by X% against the previous year. Import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for forage harvesters and other harvesting machines increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkmenistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2023, 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