Uzbekistan: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Uzbekistan

In 2021, after nine years of growth, there was significant decline in the Uzbek market for forage harvesters and other harvesting machines, when its value decreased by -91.7% to $X. Overall, consumption saw a precipitous contraction. Consumption of peaked at $X in 2020, and then fell dramatically in the following year.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Uzbekistan

After three years of decline, overseas shipments of forage harvesters and other harvesting machines increased by 177% to X units in 2021. In general, exports, however, saw a sharp curtailment. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of forage harvesters and other harvesting machines surged to $X in 2021. Overall, exports, however, recorded a dramatic downturn. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan (X units) was the main destination for exports of forage harvesters and other harvesting machines from Uzbekistan, accounting for a 58% share of total exports. Moreover, exports of forage harvesters and other harvesting machines to Turkmenistan exceeded the volume sent to the second major destination, Sudan (X units), twofold. Turkey (X units) ranked third in terms of total exports with a 5.6% share.

From 2017 to 2021, the average annual growth rate of volume to Turkmenistan amounted to -53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (0.0% per year) and Turkey (0.0% per year).

In value terms, Turkmenistan ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from Uzbekistan, comprising 55% of total exports. The second position in the ranking was taken by Sudan ($X), with a 27% share of total exports. It was followed by Turkey, with a 5.6% share.

From 2017 to 2021, the average annual rate of growth in terms of value to Turkmenistan stood at -51.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (0.0% per year) and Turkey (+11.1% per year).

Export Prices by Country

In 2021, the average export price for forage harvesters and other harvesting machines amounted to $X per unit, increasing by 10% against the previous year. Over the last four years, it increased at an average annual rate of +5.3%. The pace of growth was the most pronounced in 2018 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Uzbekistan

After four years of growth, overseas purchases of forage harvesters and other harvesting machines decreased by -89.5% to X units in 2021. In general, imports, however, showed a notable increase. The growth pace was the most rapid in 2019 when imports increased by 294%. Imports peaked at X units in 2020, and then dropped dramatically in the following year.

In value terms, imports of forage harvesters and other harvesting machines reduced rapidly to $X in 2021. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 296%. Over the period under review, imports of attained the maximum at $X in 2020, and then reduced notably in the following year.

Imports by Country

In 2021, Estonia (X units) constituted the largest supplier of forage harvesters and other harvesting machines to Uzbekistan, with a 46% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Estonia exceeded the figures recorded by the second-largest supplier, Austria (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 6.1% share.

From 2017 to 2021, the average annual growth rate of volume from Estonia totaled +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-73.1% per year) and Germany (-31.1% per year).

In value terms, Estonia ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Uzbekistan, comprising 53% of total imports. The second position in the ranking was held by Austria ($X), with a 12% share of total imports. It was followed by Germany, with a 7.7% share.

From 2017 to 2021, the average annual growth rate of value from Estonia amounted to +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-70.3% per year) and Germany (-24.5% per year).

Import Prices by Country

The average import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, rising by 3.9% against the previous year. Over the last four-year period, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+132.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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