Uzbekistan: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Uzbekistan

The Uzbek market for industrial, laboratory or bakery ovens declined markedly to $X in 2022, which is down by -38.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a remarkable increase. Industrial, laboratory or bakery oven consumption peaked at $X in 2021, and then declined sharply in the following year.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Uzbekistan

In 2022, the amount of industrial, laboratory or bakery ovens exported from Uzbekistan skyrocketed to X units, with an increase of 267% against 2021 figures. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 300%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, industrial, laboratory or bakery oven exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X units) was the main destination for industrial, laboratory or bakery oven exports from Uzbekistan, with a 55% share of total exports. Moreover, industrial, laboratory or bakery oven exports to Tajikistan exceeded the volume sent to the second major destination, Kyrgyzstan (X units), sixfold. Afghanistan (X units) ranked third in terms of total exports with a 9.1% share.

From 2017 to 2022, the average annual growth rate of volume to Tajikistan stood at +81.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (-19.7% per year) and Afghanistan (0.0% per year).

In value terms, Moldova ($X), Tajikistan ($X) and Belarus ($X) were the largest markets for industrial, laboratory or bakery oven exported from Uzbekistan worldwide, together accounting for 94% of total exports.

Tajikistan, with a CAGR of +139.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, increasing by 9,977% against the previous year. Over the period under review, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+31.9%), while the prices for the other major destinations experienced a decline.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Uzbekistan

In 2022, the amount of industrial, laboratory or bakery ovens imported into Uzbekistan contracted markedly to X units, with a decrease of -16% against the previous year's figure. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 107%. Imports peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, industrial, laboratory or bakery oven imports reduced dramatically to $X in 2022. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 117% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest industrial, laboratory or bakery oven supplier to Uzbekistan, accounting for a 81% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 3.4% share.

From 2017 to 2022, the average annual growth rate of volume from China amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-10.7% per year) and Italy (+56.2% per year).

In value terms, China ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Uzbekistan, comprising 43% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total imports. It was followed by Turkey, with a 9.8% share.

From 2017 to 2022, the average annual growth rate of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+106.8% per year) and Turkey (+8.7% per year).

Import Prices by Country

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, shrinking by -26.8% against the previous year. In general, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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