Central Asia: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Central Asia

In 2023, the Central Asian market for toothed wheels, chain sprockets and other transmission elements increased by X% to $X, rising for the ninth year in a row after two years of decline. In general, consumption posted a buoyant expansion. The level of consumption peaked in 2023 and is likely to continue growth in the near future.

Production of Toothed wheels, chain sprockets and other transmission elements in Central Asia

In value terms, production of toothed wheels, chain sprockets and other transmission elements rose modestly to $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, production of growth failed to regain momentum.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in Central Asia

In 2023, the amount of toothed wheels, chain sprockets and other transmission elements exported in Central Asia dropped rapidly to X tons, declining by X% against the previous year's figure. Over the period under review, exports, however, showed moderate growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2023. Overall, exports, however, recorded a buoyant increase. The level of export peaked at $X in 2020; afterwards, it flattened through to 2023.

Exports by Country

In 2023, Uzbekistan (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons) represented the major exporter of toothed wheels, chain sprockets and other transmission elements in Central Asia, making up X% of total export. Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kyrgyzstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements supplying countries in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price recorded a measured expansion. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) 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 more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in Central Asia

In 2023, imports of toothed wheels, chain sprockets and other transmission elements in Central Asia surged to X tons, increasing by X% compared with 2022. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2023. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Imports by Country

Kazakhstan (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons) represented roughly X% of total imports in 2023. Mongolia (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), together comprising X% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price in Central Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform