Central Asia: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Central Asia

The Central Asian market for side cars and cycles with non-combustion motors skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption posted a significant expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Side Cars and Cycles with Non-Combustion Motors in Central Asia

In value terms, production of side cars and cycles with non-combustion motors expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Side Cars and Cycles with Non-Combustion Motors

Exports in Central Asia

In 2022, approx. X units of side cars and cycles with non-combustion motors were exported in Central Asia; rising by X% on the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of side cars and cycles with non-combustion motors skyrocketed to $X in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Kyrgyzstan (X units) represented the main exporter of side cars and cycles with non-combustion motors, committing X% of total exports. It was distantly followed by Kazakhstan (X units), constituting a X% share of total exports.

Kyrgyzstan was also the fastest-growing in terms of the side cars and cycles with non-combustion motors exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. While the share of Kyrgyzstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest side car and cycle with non-combustion motor supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports.

In Kazakhstan, exports of side cars and cycles with non-combustion motors expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Kyrgyzstan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports in Central Asia

For the fourth consecutive year, Central Asia recorded growth in overseas purchases of side cars and cycles with non-combustion motors, which increased by X% to X units in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of side cars and cycles with non-combustion motors skyrocketed to $X in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Uzbekistan (X units) was the largest importer of side cars and cycles with non-combustion motors, making up X% of total imports. Kazakhstan (X units) took the second position in the ranking, distantly followed by Kyrgyzstan (X units) and Mongolia (X units). All these countries together took near X% share of total imports. Tajikistan (X units) followed a long way behind the leaders.

Uzbekistan was also the fastest-growing in terms of the side cars and cycles with non-combustion motors imports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Tajikistan (X%), Kazakhstan (X%) and Mongolia (X%) displayed positive paces of growth. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tajikistan (X p.p.), Mongolia (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported side cars and cycles with non-combustion motors in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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