Central Asia: Ball Bearing Market 2024

Ball Bearing Market Size in Central Asia

In 2023, after two years of growth, there was significant decline in the Central Asian ball bearing market, when its value decreased by X% to $X. Overall, consumption, however, posted a prominent expansion. The level of consumption peaked at $X in 2022, and then reduced in the following year.

Ball Bearing Production in Central Asia

In value terms, ball bearing production rose markedly to $X in 2023 estimated in export price. Over the period under review, production posted a prominent increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Ball Bearing Exports

Exports in Central Asia

In 2023, the amount of ball bearings exported in Central Asia surged to X tons, jumping by X% against 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ball bearing exports surged to $X in 2023. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) represented roughly X% of total exports in 2023.

Kazakhstan was also the fastest-growing in terms of the ball bearings exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest ball bearing supplier in Central Asia.

In Kazakhstan, ball bearing exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Ball Bearing Imports

Imports in Central Asia

In 2023, approx. X tons of ball bearings were imported in Central Asia; picking up by X% on the year before. In general, imports showed a noticeable increase. The pace of growth was the most pronounced in 2022 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, ball bearing imports surged to $X in 2023. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2022 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Kazakhstan was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Uzbekistan (X tons), mixing up a X% share of total imports. Turkmenistan (X tons), Tajikistan (X tons), Mongolia (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Mongolia (X%), Kyrgyzstan (X%), Tajikistan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. Uzbekistan (X p.p.) and Mongolia (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported ball bearings in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, rising by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price 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, ball bearing import price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform