Central Asia: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Central Asia

The Central Asian petroleum-engine cargo trucks market expanded sharply to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed buoyant growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Petroleum-Engine Cargo Trucks Production in Central Asia

In value terms, petroleum-engine cargo trucks production rose notably to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Petroleum-Engine Cargo Trucks Exports

Exports in Central Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of goods vehicles, with spark-ignition internal combustion piston engine, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then fell in the following year.

In value terms, petroleum-engine cargo trucks exports rose modestly to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Kazakhstan (X units), together accounting for X% of total export.

Kazakhstan was also the fastest-growing in terms of the goods vehicles, with spark-ignition internal combustion piston engine exports, with a CAGR of X% from 2012 to 2022. While the share of Kazakhstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest petroleum-engine cargo trucks supplier in Central Asia.

In Kazakhstan, petroleum-engine cargo trucks exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price 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, petroleum-engine cargo trucks export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Petroleum-Engine Cargo Trucks Imports

Imports in Central Asia

In 2022, purchases abroad of goods vehicles, with spark-ignition internal combustion piston engine increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, petroleum-engine cargo trucks imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X units) represented the largest importer of goods vehicles, with spark-ignition internal combustion piston engine, committing X% of total imports. It was distantly followed by Mongolia (X units), Uzbekistan (X units), Tajikistan (X units) and Kyrgyzstan (X units), together generating a X% share of total imports. Turkmenistan (X units) took a little share of total imports.

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

In value terms, Kazakhstan ($X) constitutes the largest market for imported goods vehicles, with spark-ignition internal combustion piston engine in Central Asia, comprising X% of total imports. The second position in the ranking was held by Tajikistan ($X), with an X% share of total imports. It was followed by Mongolia, with a X% share.

In Kazakhstan, petroleum-engine cargo trucks imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tajikistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, jumping by X% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price 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, petroleum-engine cargo trucks import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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