Central Asia: Magnetic Media Market 2024

Magnetic Media Market Size in Central Asia

In 2023, the Central Asian magnetic media market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded significant growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Magnetic Media Production in Central Asia

In value terms, magnetic media production dropped to $X in 2023 estimated in export price. In general, production continues to indicate a deep reduction. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Magnetic Media Exports

Exports in Central Asia

In 2023, shipments abroad of magnetic media, not recorded, except cards with a magnetic stripe decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, magnetic media exports reduced markedly to $X in 2023. Over the period under review, exports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) represented roughly X% of total exports in 2023.

Kazakhstan was also the fastest-growing in terms of the magnetic media, not recorded, except cards with a magnetic stripe exports, with a CAGR of X% from 2012 to 2023. 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 magnetic media supplier in Central Asia.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan totaled X%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2023, standing approx. at the previous year. Overall, the export price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Magnetic Media Imports

Imports in Central Asia

In 2023, after three years of decline, there was significant growth in overseas purchases of magnetic media, not recorded, except cards with a magnetic stripe, when their volume increased by X% to X units. In general, imports saw a mild expansion. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, magnetic media imports reduced to $X in 2023. Over the period under review, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Uzbekistan (X units) was the main importer of magnetic media, not recorded, except cards with a magnetic stripe, achieving X% of total imports. Kyrgyzstan (X units) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%). Tajikistan (X units) held a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the magnetic media, not recorded, except cards with a magnetic stripe imports, with a CAGR of X% from 2012 to 2023. At the same time, Tajikistan (X%) displayed positive paces of growth. Kyrgyzstan experienced a relatively flat trend pattern. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported magnetic media, not recorded, except cards with a magnetic stripe in Central Asia, comprising X% of total imports. The second position in the ranking was held by Tajikistan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with an X% share.

In Kazakhstan, magnetic media imports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2023, falling by X% against the previous year. In general, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform