Central Asia: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Central Asia

The Central Asian hydraulic cylinder and system market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hydraulic Cylinders And Systems in Central Asia

In value terms, hydraulic cylinder and system production surged to $X in 2022 estimated in export price. In general, production, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Exports of Hydraulic Cylinders And Systems

Exports in Central Asia

In 2022, approx. X units of hydraulic cylinders and systems were exported in Central Asia; increasing by X% on 2021 figures. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, hydraulic cylinder and system exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the largest exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Mongolia (X units), achieving a X% share of total exports. Kyrgyzstan (X units) took a minor share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Mongolia (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.) and Mongolia (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 ($X) remains the largest hydraulic cylinder and system supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Mongolia ($X), with a X% share of total exports.

In Kazakhstan, hydraulic cylinder and system exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mongolia (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, falling by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

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

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

Imports of Hydraulic Cylinders And Systems

Imports in Central Asia

In 2022, the amount of hydraulic cylinders and systems imported in Central Asia surged to X units, jumping by X% against 2021 figures. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, hydraulic cylinder and system imports expanded rapidly to $X in 2022. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X units) was the key importer of hydraulic cylinders and systems, comprising X% of total imports. It was distantly followed by Uzbekistan (X units), generating an X% share of total imports. The following importers - Kyrgyzstan (X units) and Mongolia (X units) - each accounted for a X% share of total imports.

Kazakhstan was also the fastest-growing in terms of the hydraulic cylinders and systems imports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Kyrgyzstan (X%) and Mongolia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by X and X percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported hydraulic cylinders and systems in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

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

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, which is down by X% against 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% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, 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 Mongolia ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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