Central Asia: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Central Asia

The Central Asian industrial bakery machinery market fell to $X in 2023, reducing by X% against the previous year. The total consumption indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Industrial Bakery Machinery Production in Central Asia

In value terms, industrial bakery machinery production shrank to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a slight decline. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Industrial Bakery Machinery Exports

Exports in Central Asia

In 2023, the amount of industrial bakery machinery exported in Central Asia surged to X units, jumping by X% on 2022. Over the period under review, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial bakery machinery exports skyrocketed to $X in 2023. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

Kazakhstan dominates exports structure, recording X units, which was near X% of total exports in 2023. It was distantly followed by Turkmenistan (X units), achieving a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the industrial bakery machinery exports, with a CAGR of X% from 2012 to 2023. Turkmenistan experienced a relatively flat trend pattern. From 2012 to 2023, the share of Turkmenistan increased by X percentage points.

In value terms, Kazakhstan ($X) emerged as the largest industrial bakery machinery supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Turkmenistan ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan totaled X%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%).

Industrial Bakery Machinery Imports

Imports in Central Asia

In 2023, purchases abroad of industrial bakery machinery increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports recorded a temperate increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, industrial bakery machinery imports rose significantly to $X in 2023. Over the period under review, imports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan represented the largest importing country with an import of about X units, which resulted at X% of total imports. Uzbekistan (X units) took the second position in the ranking, distantly followed by Kyrgyzstan (X units), Mongolia (X units), Turkmenistan (X units) and Tajikistan (X units). All these countries together held near X% share of total imports.

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

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Tajikistan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Tajikistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform