Kazakhstan: Smart Card Market 2024

Smart Card Market Size in Kazakhstan

The Kazakh smart card market amounted to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption posted a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Smart Card Production in Kazakhstan

In value terms, smart card production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Smart Card Exports

Exports from Kazakhstan

Smart card exports from Kazakhstan skyrocketed to X units in 2022, with an increase of X% compared with 2021. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, smart card exports soared to $X in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X units) was the main destination for smart card exports from Kazakhstan, with a X% share of total exports. Moreover, smart card exports to Kyrgyzstan exceeded the volume sent to the second major destination, Russia (X units), fourfold. Uzbekistan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kyrgyzstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Uzbekistan (X% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with an X% share of total exports. It was followed by Estonia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Kyrgyzstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Estonia (X% per year).

Export Prices by Country

The average smart card export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Tajikistan ($X per unit), while the average price for exports to Uzbekistan ($X per unit) and Ukraine ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Smart Card Imports

Imports into Kazakhstan

In 2022, the amount of cards incorporating an electronic integrated circuit (smart card) imported into Kazakhstan surged to X units, jumping by X% against 2021. Overall, total imports indicated prominent growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, smart card imports surged to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X units) constituted the largest smart card supplier to Kazakhstan, accounting for a X% share of total imports. Moreover, smart card imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest smart card suppliers to Kazakhstan were Russia ($X), China ($X) and the United Arab Emirates ($X), together accounting for X% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the import price, however, recorded a perceptible decline. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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