Central Asia: Invalid Carriage Market 2023

Invalid Carriage Market Size in Central Asia

The Central Asian invalid carriage market declined to $X in 2021, waning by -13.4% against the previous year. The total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Invalid Carriage Production in Central Asia

In value terms, invalid carriage production declined modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 47%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Invalid Carriage Exports

Exports in Central Asia

In 2021, exports of invalid carriages not mechanically propelled in Central Asia soared to X units, jumping by 355% against the previous year. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 2,667% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, invalid carriage exports surged to $X in 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 839% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, amounting to X units, which was near 89% of total exports in 2021. It was distantly followed by Kyrgyzstan (X units), achieving an 8.7% share of total exports. Uzbekistan (X units) took a minor share of total exports.

Kazakhstan was also the fastest-growing in terms of the invalid carriages not mechanically propelled exports, with a CAGR of +46.4% from 2012 to 2021. Uzbekistan experienced a relatively flat trend pattern. Kyrgyzstan (-38.7%) illustrated a downward trend over the same period. Kyrgyzstan (+8.7 p.p.) and Uzbekistan (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -11% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest invalid carriage supplier in Central Asia, comprising 94% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 5.8% share of total exports.

In Kazakhstan, invalid carriage exports increased at an average annual rate of +51.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (-54.4% per year) and Uzbekistan (0.0% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, shrinking by -57.5% against the previous year. Over the period under review, the export price, however, posted a notable expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 107% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.8%).

Invalid Carriage Imports

Imports in Central Asia

In 2021, purchases abroad of invalid carriages not mechanically propelled decreased by -34.8% to X units for the first time since 2015, thus ending a five-year rising trend. Overall, imports, however, enjoyed a pronounced expansion. The growth pace was the most rapid in 2017 with an increase of 93%. Over the period under review, imports reached the peak figure at X units in 2020, and then reduced rapidly in the following year.

In value terms, invalid carriage imports shrank rapidly to $X in 2021. In general, imports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2017 when imports increased by 65% against the previous year. The level of import peaked at $X in 2020, and then fell remarkably in the following year.

Imports by Country

Kazakhstan dominates imports structure, amounting to X units, which was approx. 71% of total imports in 2021. Tajikistan (X units) ranks second in terms of the total imports with an 8.6% share, followed by Mongolia (8.3%) and Turkmenistan (5%). The following importers - Kyrgyzstan (X units) and Uzbekistan (X units) - together made up 6.9% of total imports.

From 2012 to 2021, average annual rates of growth with regard to invalid carriage imports into Kazakhstan stood at +6.2%. At the same time, Tajikistan (+40.0%) and Turkmenistan (+13.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +40.0% from 2012-2021. By contrast, Kyrgyzstan (-1.1%), Mongolia (-9.4%) and Uzbekistan (-24.2%) illustrated a downward trend over the same period. While the share of Kazakhstan (+10 p.p.), Tajikistan (+8 p.p.), Uzbekistan (+2.8 p.p.) and Turkmenistan (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kyrgyzstan (-2.5 p.p.) and Mongolia (-21.3 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported invalid carriages not mechanically propelled in Central Asia, comprising 81% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 5.9% share of total imports. It was followed by Tajikistan, with a 3.9% share.

In Kazakhstan, invalid carriage imports expanded at an average annual rate of +6.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+5.1% per year) and Tajikistan (+21.8% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, picking up by 20% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 21%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kyrgyzstan ($X per unit), while Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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