Central Asia: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Central Asia

The Central Asian mechanical shovel and excavator market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a deep setback. The growth pace was the most rapid in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Central Asia

In value terms, mechanical shovel and excavator production reduced to $X in 2022 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded 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 stood at a somewhat lower figure.

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Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in Central Asia

In 2022, shipments abroad of mechanical shovels, excavators and shovel loaders increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports soared to $X in 2022. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, reaching X units, which was near X% of total exports in 2022. Kyrgyzstan (X units), Turkmenistan (X units), Uzbekistan (X units) and Tajikistan (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mechanical shovel and excavator exports from Kazakhstan stood at X%. At the same time, Tajikistan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Turkmenistan experienced a relatively flat trend pattern. By contrast, Uzbekistan (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan, Uzbekistan and Tajikistan increased by X, X and X percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest mechanical shovel and excavator supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Tajikistan ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

In Kazakhstan, mechanical shovel and excavator 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: Tajikistan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, rising by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 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 Tajikistan ($X per unit), while Turkmenistan ($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 more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in Central Asia

In 2022, the amount of mechanical shovels, excavators and shovel loaders imported in Central Asia expanded rapidly to X units, increasing by X% on 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports expanded remarkably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the largest importer of mechanical shovels, excavators and shovel loaders in Central Asia, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Uzbekistan (X units) ranks second in terms of the total imports with a X% share, followed by Mongolia (X%), Kyrgyzstan (X%) and Tajikistan (X%). Turkmenistan (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mechanical shovel and excavator imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Mongolia (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Kazakhstan and Kyrgyzstan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mechanical shovel and excavator importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), together accounting for X% of total imports.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. As a result, import price reached 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 Turkmenistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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