Key Market Indicators
In 2023, Kyrgyzstan's export of DC motors plummeted to approximately $5,400, marking a substantial 45% drop from the previous year's figure of nearly $9,860. This decline continues a long-term trend, as Kyrgyzstan's supply of DC motors has decreased by roughly 18% annually since 2005. In the global rankings for 2023, Kyrgyzstan fell to 77th place, overtaken by Nicaragua, which matched Kyrgyzstan's $5,400 in DC motor exports. Leading the ranking were Germany, the United States, and France, occupying the 2nd, 3rd, and 4th positions respectively. Looking ahead, Kyrgyzstan's import of DC motors is projected to decline significantly. By 2028, imports are expected to fall to about $19,920, down from approximately $63,150 in 2023. This represents an annual compound growth rate (CAGR) decrease of 18%. Since 2005, the country's demand for DC motors has been shrinking by about 8.5% each year.
