Central Asia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Central Asia

In 2022, after two years of growth, there was significant decline in the Central Asian market for grinding, sanding and polishing machines, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Grinding, Sanding and Polishing Machines in Central Asia

In value terms, grinding, sanding and polishing machine production shrank markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports in Central Asia

In 2022, overseas shipments of grinding, sanding and polishing machines increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, grinding, sanding and polishing machine exports expanded sharply to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Kazakhstan represented the main exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Uzbekistan (X units), committing a X% share of total exports. Kyrgyzstan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the grinding, sanding and polishing machines exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest grinding, sanding and polishing machine supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (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, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted dramatically 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 Kazakhstan ($X per unit), while Uzbekistan ($X per unit) 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 a decline in the export price figures.

Imports of Grinding, Sanding and Polishing Machines

Imports in Central Asia

In 2022, approx. X units of grinding, sanding and polishing machines were imported in Central Asia; with a decrease of X% against 2021 figures. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports contracted notably to $X in 2022. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X units) and Uzbekistan (X units) were the main importers of grinding, sanding and polishing machines in Central Asia, together reaching approx. X% of total imports. It was distantly followed by Tajikistan (X units) and Kyrgyzstan (X units), together constituting a X% share of total imports. Mongolia (X units) took a minor share of total imports.

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

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) appeared to be 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, Tajikistan, with a CAGR of X%, saw the highest rates of growth with regard to 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, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :