Uzbekistan: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Uzbekistan

In 2022, the Uzbek electric heating equipment market decreased by -94.5% to $X, falling for the third consecutive year after five years of growth. In general, consumption saw a precipitous setback. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electric Heating Equipment Production in Uzbekistan

In value terms, electric heating equipment production totaled less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume decreased by 99.9%. Electric heating equipment production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Electric Heating Equipment Exports

Exports from Uzbekistan

In 2022, exports of electric space heating apparatus and soil heating apparatus from Uzbekistan skyrocketed to X units, increasing by 511% compared with the previous year. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment exports surged to $X in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 251% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Tajikistan (X units) was the main destination for electric heating equipment exports from Uzbekistan, with a 97% share of total exports. It was followed by Kyrgyzstan (X units), with a 1.4% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Tajikistan amounted to +172.7%.

In value terms, Tajikistan ($X) emerged as the key foreign market for electric space heating apparatus and soil heating apparatus exports from Uzbekistan, comprising 85% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 7.1% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Tajikistan totaled +75.3%.

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, waning by -64.6% against the previous year. Over the period under review, the export price saw a precipitous curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 12%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (-26.9%).

Electric Heating Equipment Imports

Imports into Uzbekistan

In 2022, supplies from abroad of electric space heating apparatus and soil heating apparatus decreased by -49.6% to X units, falling for the third year in a row after four years of growth. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 14,615% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electric heating equipment imports surged to $X in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 2,614%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and Russia (X units) were the main suppliers of electric heating equipment imports to Uzbekistan, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +55.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to Uzbekistan, comprising 63% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Russia, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+29.1% per year) and Russia (+30.6% per year).

Import Prices by Country

The average electric heating equipment import price stood at $X per unit in 2022, surging by 134% against the previous year. In general, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 470% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 China ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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