Central Asia: Passenger Car Market 2024

Passenger Car Market Size in Central Asia

In 2022, the Central Asian passenger car market increased by X% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption continues to indicate a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Passenger Car Production in Central Asia

In value terms, passenger car production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Passenger Car Exports

Exports in Central Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of passenger cars, when their volume decreased by X% to X units. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then reduced sharply in the following year.

In value terms, passenger car exports dropped notably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Kazakhstan prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Kyrgyzstan (X units) and Uzbekistan (X units), together generating a X% share of total exports. The following exporters - Mongolia (X units) and Tajikistan (X units) - each finished at a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the passenger cars exports, with a CAGR of X% from 2012 to 2022. At the same time, Tajikistan (X%), Mongolia (X%) and Kyrgyzstan (X%) displayed positive paces of growth. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Kazakhstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) emerged as the largest passenger car supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

In Kazakhstan, passenger car exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Mongolia (X%), while the other leaders experienced more modest paces of growth.

Passenger Car Imports

Imports in Central Asia

In 2022, approx. X units of passenger cars were imported in Central Asia; picking up by X% on 2021. Over the period under review, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, passenger car imports soared to $X in 2022. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the five major importers of passenger cars, namely Mongolia, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan, represented more than two-thirds of total import. Tajikistan (X units) followed a long way behind the leaders.

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

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

In Kazakhstan, passenger car imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, increasing by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, passenger car import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Turkmenistan ($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.

Source: IndexBox Platform

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