Uzbekistan: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Uzbekistan

For the tenth consecutive year, the Uzbek market for bearing housings not incorporating ball or roller bearings, plain shaft bearings recorded growth in sales value, which increased by 41% to $X in 2021. Overall, consumption saw a significant expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Uzbekistan

In 2021, shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -74.5% to X kg, falling for the second year in a row after three years of growth. Over the period under review, exports faced a sharp reduction. The pace of growth was the most pronounced in 2019 when exports increased by 522% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports shrank sharply to $X in 2021. In general, exports recorded a slight decrease. The pace of growth was the most pronounced in 2019 with an increase of 611%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Georgia (X kg) was the main destination for bearing housing without ball bearing exports from Uzbekistan, with a 71% share of total exports. Moreover, bearing housing without ball bearing exports to Georgia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), sixfold. The third position in this ranking was taken by Germany (X kg), with a 13% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Georgia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Germany (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Uzbekistan, comprising 95% of total exports. The second position in the ranking was held by Georgia ($X), with a 2.7% share of total exports. It was followed by Russia, with a 1.5% share.

From 2017 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Russia (-64.6% per year).

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, with a decrease of -10% against the previous year. Overall, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 103%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+73.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Uzbekistan

Bearing housing without ball bearing imports into Uzbekistan skyrocketed to X tons in 2021, rising by 21% on 2020. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 61%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2019 with an increase of 61% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest bearing housing without ball bearing supplier to Uzbekistan, with a 41% share of total imports. Moreover, bearing housing without ball bearing imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 15% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+99.5% per year) and Turkey (+52.9% per year).

In value terms, the largest bearing housing without ball bearing suppliers to Uzbekistan were Russia ($X), Germany ($X) and Japan ($X), with a combined 51% share of total imports. Ukraine, Turkey, China, Sweden and South Korea lagged somewhat behind, together comprising a further 19%.

Ukraine, with a CAGR of +140.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, growing by 16% against the previous year. Over the period from 2017 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :