Uzbekistan: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Uzbekistan

After four years of growth, the Uzbek fuel or lubricating pump market decreased by -21.9% to $X in 2021. Overall, consumption, however, posted strong growth. Fuel or lubricating pump consumption peaked at $X in 2020, and then dropped sharply in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Uzbekistan

In 2021, the amount of fuel, lubricating or cooling-medium pumps for internal combustion engines exported from Uzbekistan soared to X units, picking up by 203% against 2020 figures. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fuel or lubricating pump exports soared to $X in 2021. In general, exports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2017 when exports increased by 130%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units), Russia (X units) and Azerbaijan (X units) were the main destinations of fuel or lubricating pump exports from Uzbekistan, together comprising 86% of total exports. Afghanistan, South Korea, the United Arab Emirates and China lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +105.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Uzbekistan, comprising 52% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports. It was followed by Azerbaijan, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-15.7% per year) and Azerbaijan (+4.3% per year).

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, dropping by -36.4% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 69%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+11.4%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Uzbekistan

In 2021, overseas purchases of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -19% to X units, falling for the third consecutive year after two years of growth. In general, imports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2013 when imports increased by 90% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fuel or lubricating pump imports dropped significantly to $X in 2021. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 85% against the previous year. Imports peaked at $X in 2020, and then fell rapidly in the following year.

Imports by Country

South Korea (X units), China (X units) and the United States (X units) were the main suppliers of fuel or lubricating pump imports to Uzbekistan, together comprising 82% of total imports. These countries were followed by Russia, the Czech Republic and Germany, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +142.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fuel or lubricating pump suppliers to Uzbekistan were South Korea ($X), the United States ($X) and China ($X), with a combined 77% share of total imports. These countries were followed by Russia, the Czech Republic and Germany, which together accounted for a further 9.8%.

The Czech Republic, with a CAGR of +64.0%, recorded the highest rates of growth with regard to 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 fuel or lubricating pump import price stood at $X per unit in 2021, dropping by -4% against the previous year. Over the period under review, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 43% against the previous year. The import price peaked at $X per unit in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :