Central Asia: Power Tool Market 2024

Power Tool Market Size in Central Asia

The Central Asian power tool market dropped remarkably to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, recorded a moderate expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Power Tool Production in Central Asia

In value terms, power tool production dropped rapidly to $X in 2023 estimated in export price. In general, production continues to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Power Tool Exports

Exports in Central Asia

In 2023, the amount of power tools exported in Central Asia reduced to X units, with a decrease of X% against 2022 figures. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2022, and then contracted in the following year.

In value terms, power tool exports contracted to $X in 2023. Over the period under review, exports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced modestly in the following year.

Exports by Country

Kazakhstan dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by Kyrgyzstan (X units), generating a X% share of total exports. Uzbekistan (X units) took a minor share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Kyrgyzstan and Uzbekistan increased by X and X percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest power tool supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, power tool exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Power Tool Imports

Imports in Central Asia

In 2023, purchases abroad of power tools increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, imports saw noticeable growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, power tool imports skyrocketed to $X in 2023. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

Kazakhstan represented the main importer of power tools in Central Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2023. Uzbekistan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (X%), Kyrgyzstan (X%) and Turkmenistan (X%).

From 2012 to 2023, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest power tool importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Tajikistan ($X), together accounting for X% of total imports.

Tajikistan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price showed measured growth. The growth pace was the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Tajikistan ($X per unit) and Uzbekistan ($X per unit), while Turkmenistan ($X per unit) and Kyrgyzstan ($X per unit) were amongst the lowest.

From 2012 to 2023, 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