Uzbekistan: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Uzbekistan

In 2022, the Uzbek electrical signalling apparatus market decreased by -21.2% to $X, falling for the fourth year in a row after seven years of growth. In general, consumption saw a mild decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports from Uzbekistan

In 2022, approx. X units of electrical apparatus for sound or visual signalling were exported from Uzbekistan; picking up by 1,524% compared with the year before. Overall, exports, however, continue to indicate a sharp decrease. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports surged to $X in 2022. In general, exports, however, faced a precipitous curtailment. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for electrical signalling apparatus exports from Uzbekistan, with a 93% share of total exports. Moreover, electrical signalling apparatus exports to Russia exceeded the volume sent to the second major destination, Turkmenistan (X units), more than tenfold.

From 2020 to 2022, the average annual rate of growth in terms of volume to Russia totaled +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (0.0% per year) and Armenia (0.0% per year).

In value terms, Russia ($X) emerged as the key foreign market for electrical apparatus for sound or visual signalling exports from Uzbekistan, comprising 92% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 5.4% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of value to Russia totaled +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (0.0% per year) and Armenia (0.0% per year).

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, surging by 120% against the previous year. Overall, the export price, however, recorded a mild setback. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Armenia ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-3.7%).

Electrical Signalling Apparatus Imports

Imports into Uzbekistan

In 2022, overseas purchases of electrical apparatus for sound or visual signalling decreased by -25% to X units, falling for the fourth year in a row after two years of growth. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 71% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, electrical signalling apparatus imports dropped notably to $X in 2022. Over the period under review, imports recorded a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by 103% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Switzerland (X units) and the United Arab Emirates (X units) were the main suppliers of electrical signalling apparatus imports to Uzbekistan, together comprising 73% of total imports. Turkey, Germany, Russia, Japan, Kazakhstan, the United States and Ukraine lagged somewhat behind, together comprising a further 19%.

From 2017 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +194.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Switzerland ($X) and the United Arab Emirates ($X) constituted the largest electrical signalling apparatus suppliers to Uzbekistan, together comprising 73% of total imports. Turkey, Germany, Russia, Japan, Kazakhstan, the United States and Ukraine lagged somewhat behind, together comprising a further 19%.

Kazakhstan, with a CAGR of +211.0%, saw the highest growth rate of the value of imports, among 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 electrical signalling apparatus import price stood at $X per unit in 2022, rising by 5.5% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2018 an increase of 19%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per unit) and Turkey ($X per unit), while the price for Ukraine ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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