KAMAZ exports up by 37% by the end of the first half of 2020

KAMAZ exports up by 37% by the end of the first half of 2020


 

Finmarket.- Kamaz has increased exports to the CIS countries by 70% year-on-year during the first half of 2020, despite major restrictive measures undertaken due to the Coronavirus. However, the exports of the company to non-CIS countries have shrunk by 31.5%.

According to the company report at the end of the second quarter of the year, the total automobile exports – assembly kits of parts (SKD) and assembly kits (SK) – amounted to 1,894 units, which is equivalent to a 37.2% year-on-year rise. The growth came as a result of rising supplies to the CIS countries (1,579, +71.6%). 315 vehicles have been exported to non-CIS countries within the January-June period, on the other hand, which indicates a shrinkage from last year’s figure of 460 units (-31.5%).

682 vehicles have been exported to Kazakhstan during the first half of 2020 (19 automobiles and 663 SKD), which is equivalent to a 21.4% growth in comparison with the same period of the previous year (562). As stated by Kamaz, the sales of the brand have risen by 10% in Kazakhstan, despite the 30% market shrinkage. The market share of the company has reached 50% in the country, improving from 31% last year.

Kamaz has sold 682 automobiles in Turkmenistan within the first half of the year, on the other hand.

The company will continue assembly from car kits at the facilities of UzAvtoTrailer in Uzbekistan. As noted by Kamaz, the implementation of a governmental decree in Uzbekistan, which abolished customs duties and excise taxes on the import of new construction equipment until 2021, has led to a loss of competitive advantage in the country. The introduction of utilisation fees in August and the ongoing measures against the pandemic have been named as other negative factors in the Uzbek market by the company.

Belarus, Armenia, Azerbaijan and Kyrgyzstan were the other export destinations of Kamaz amongst the CIS countries in the second quarter of 2020.

Kamaz has exported its products to non-CIS countries as well witin the April-June period of the year: Vietnam, Philippines, Mongolia, Indonesia, as well as African, Middle-Eastern, Latin American and East European countries.

“The introduction of national restrictions due to the Covid-19 pandemic will lead to the suspension of funding for large projects and the disruption and cancellation of contracts for vehicle supplies” – as written in the report of Kamaz on the markets of South East Asia, Middle East and Africa.

The company has drawn attention to the lack of funding for previously planned state projects on vehicle fleet renewals in Latin America.