Central Asia: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Central Asia

In 2021, after two years of growth, there was significant decline in the Central Asian electric rotary converter market, when its value decreased by -77.9% to $X. Over the period under review, consumption continues to indicate a deep slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Rotary Converter Production in Central Asia

In value terms, electric rotary converter production declined slightly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Electric Rotary Converter Exports

Exports in Central Asia

In 2021, electric rotary converter exports in Central Asia reduced remarkably to X units, which is down by -85% on the previous year. Over the period under review, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 685%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric rotary converter exports shrank remarkably to $X in 2021. Overall, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2019 when exports increased by 1,343% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X units) and Kazakhstan (X units) represented the major exporters of electric rotary converters in 2021, reaching near 42% and 33% of total exports, respectively. It was distantly followed by Uzbekistan (X units), making up a 25% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kyrgyzstan (with a CAGR of +5.8%), while the other leaders experienced a decline in the exports figures.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of exports in 2021.

Kyrgyzstan, with a CAGR of -1.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, dropping by -60.6% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 84%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-6.7%), while the other leaders experienced a decline in the export price figures.

Electric Rotary Converter Imports

Imports in Central Asia

In 2021, after two years of growth, there was significant decline in supplies from abroad of electric rotary converters, when their volume decreased by -75.4% to X units. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2020 when imports increased by 143%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, electric rotary converter imports shrank rapidly to $X in 2021. In general, imports faced a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 94%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan prevails in imports structure, reaching X units, which was approx. 94% of total imports in 2021. The following importers - Tajikistan (X units) and Uzbekistan (X units) - each resulted at a 5.5% share of total imports.

Imports into Kazakhstan decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, Tajikistan (+19.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +19.6% from 2012-2021. By contrast, Uzbekistan (-25.3%) illustrated a downward trend over the same period. Kazakhstan (+21 p.p.) and Tajikistan (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Uzbekistan saw its share reduced by -16.4% from 2012 to 2021, respectively.

In value terms, Tajikistan ($X) constitutes the largest market for imported electric rotary converters in Central Asia, comprising 68% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 24% share of total imports.

In Tajikistan, electric rotary converter imports expanded at an average annual rate of +49.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-21.2% per year) and Uzbekistan (-30.5% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, growing by 22% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+25.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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