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Kazakhstan & Uzbekistan Autos Report 2015
New Transportation research report from Business Monitor International is now available from Fast Market Research
BMI's outlook on auto production and sales in Kazakhstan and Uzbekistan remains positive, despite a slowdown in sales figures in the first eight months of 2014. Both countries boast solid macroeconomic fundamentals and both are seeing strong demand for cars from their citizens.
Turning to production first, Kazakh auto production looks set for strong growth over BMI's five-year forecast period to 2017. This reflects new production plans by carmakers Toyota Motor and Russia's AvtoVAZ and Kazakh AutoBIPEK.
Kazakh auto production looks set for strong growth over BMI's forecast period to 2018. We estimate production to have grown in 2014 by 9.5%, increasing to 15.2% in 2015. B MI believes Kazakhstan should be well positioned to continue attracting investment from auto manufacturers. Domestic sales are robust, and the country is a viable location for export production. We therefore maintain a bullish outlook on production growth over the long term.
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In June 2014, Toyota Motor Corporation started the production of the complete knock-down (CKD) of the Fortuner sports utility vehicle (SUV) at Saryarka AvtoProm (SAP)'s Kostanay plant in Kazakhstan. The move marks the beginning of production by the automaker in Central Asia. Nearly 3,000 vehicles will be manufactured annually at the plant, where SAP has recruited 100 more employees.
On the 1 October, the CEOs of 'AvtoVAZ' and 'Auto BIPEK' signed an agreement on strategic cooperation in the presence of Russian President Vladimir Putin and Kazakh President Nursultan Nazarbayev. AvtoVAZ will construct a factory in Kazakhstan with Azia Avto. The Lada Vesta will be produced at the site from 2016. The companies intend to produce around 120,000 units a year at the new factory.
For Uzbekistan, BMI is generally upbeat on the outlook for auto production over the forecast period. For 2014, we are targeting a 7.6% year-on-year (y-o-y) increase in production with total units rising to 301,096.
The Kazakhstan & Uzbekistan Autos Report features the latest data and forecasts covering production, sales, imports and exports.
Business Monitor International (BMI)'s Kazakhstan & Uzbekistan Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Kazakhstan, Uzbekistan.
* Benchmark BMI's independent automotives industry forecasts on Kazakhstan, Uzbekistan to test other views - a key input for successful budgetary and planning in the Kazakhstani, Uzbekistani automotives market.
* Target business opportunities and risks in the Kazakhstani, Uzbekistani automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Kazakhstan, Uzbekistan.
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