Uzbekistan: Smart Card Market 2025

Smart Card Market Size in Uzbekistan

After two years of decline, the Uzbek smart card market decreased by -80.9% to $X in 2022. Over the period under review, consumption saw significant growth. Over the period under review, the market hit record highs at $X in 2021, and then declined sharply in the following year.

Smart Card Production in Uzbekistan

In value terms, smart card production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Smart Card Exports

Exports from Uzbekistan

In 2022, after two years of decline, there was significant decline in shipments abroad of cards incorporating an electronic integrated circuit (smart card), when their volume decreased by -89.8% to X units. Overall, exports recorded a dramatic setback. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, smart card exports declined remarkably to $X in 2022. Over the period under review, exports faced a dramatic downturn. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for smart card exports from Uzbekistan, accounting for a approx. 100% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of volume to South Korea totaled +59,900.0%.

In value terms, South Korea ($X) emerged as the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Uzbekistan.

From 2019 to 2022, the average annual growth rate of value to South Korea stood at +752.1%.

Export Prices by Country

The average smart card export price stood at $X per unit in 2022, which is down by -84.7% against the previous year. Overall, the export price, however, recorded significant growth. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then fell sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2019 to 2022, the rate of growth in terms of prices for Russia amounted to +646.4% per year.

Smart Card Imports

Imports into Uzbekistan

Smart card imports into Uzbekistan soared to X units in 2022, rising by 144% against the previous year's figure. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 340% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, smart card imports surged to $X in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of 174%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of smart card to Uzbekistan, with a 65% share of total imports. Moreover, smart card imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. The third position in this ranking was held by Russia (X units), with a 6.2% share.

From 2017 to 2022, the average annual growth rate of volume from China totaled +329.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+157.6% per year) and Russia (+48.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to Uzbekistan, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Greece, with a 6.7% share.

From 2017 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +148.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+140.9% per year) and Greece (+224.2% per year).

Import Prices by Country

In 2022, the average smart card import price amounted to $X per unit, shrinking by -21.5% against the previous year. Overall, the import price recorded a significant decrease. The pace of growth was the most pronounced in 2021 an increase of 2.4%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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