Uzbekistan: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Uzbekistan

The Uzbek gearboxes and speed changers market declined to $X in 2022, shrinking by X% 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). Overall, consumption, however, posted resilient growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Exports of Gearboxes and Speed Changers

Exports from Uzbekistan

In 2022, gearboxes and speed changers exports from Uzbekistan declined to X tons, which is down by X% against the year before. Overall, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, gearboxes and speed changers exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for gearboxes and speed changers exports from Uzbekistan, accounting for a X% share of total exports. Moreover, gearboxes and speed changers exports to Russia exceeded the volume sent to the second major destination, Azerbaijan (X tons), sixfold. The third position in this ranking was taken by Georgia (X kg), with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Georgia (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for gearboxes and speed changers exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a X% share of total exports. It was followed by Georgia, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Georgia (X% per year).

Export Prices by Country

The average gearboxes and speed changers export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last five years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kazakhstan ($X per ton) and Georgia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) and France ($X per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Uzbekistan

Gearboxes and speed changers imports into Uzbekistan shrank to X tons in 2022, declining by X% compared with 2021. In general, total imports indicated a prominent increase from 2017 to 2022: its volume increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, gearboxes and speed changers imports declined to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Russia (X tons), China (X tons) and the United States (X tons) were the main suppliers of gearboxes and speed changers imports to Uzbekistan, with a combined X% share of total imports. The Czech Republic, Turkey, Italy, South Korea, Germany, Poland and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and Italy ($X) appeared to be the largest gearboxes and speed changers suppliers to Uzbekistan, together comprising X% of total imports.

Italy, with a CAGR of X%, 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

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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