Uzbekistan: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Uzbekistan

The Uzbek hydraulic cylinder and system market fell to $X in 2022, dropping by -9.4% 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). Over the period under review, consumption recorded prominent growth. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Exports of Hydraulic Cylinders And Systems

Exports from Uzbekistan

In 2022, approx. X units of hydraulic cylinders and systems were exported from Uzbekistan; picking up by 385% on the year before. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 65,076%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic cylinder and system exports soared to $X in 2022. In general, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of 2,893%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units) was the main destination for hydraulic cylinder and system exports from Uzbekistan, with a 82% share of total exports. Moreover, hydraulic cylinder and system exports to Belarus exceeded the volume sent to the second major destination, Sweden (X units), eightfold. The third position in this ranking was held by France (X units), with a 4.3% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and France (-82.4% per year).

In value terms, Russia ($X) emerged as the key foreign market for hydraulic cylinders and systems exports from Uzbekistan, comprising 83% of total exports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total exports. It was followed by Sweden, with a 1.7% share.

From 2017 to 2022, the average annual growth rate of value to Russia amounted to -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (0.0% per year) and Sweden (0.0% per year).

Export Prices by Country

The average hydraulic cylinder and system export price stood at $X per unit in 2022, picking up by 441% against the previous year. In general, the export price, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 1,766% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydraulic Cylinders And Systems

Imports into Uzbekistan

In 2022, purchases abroad of hydraulic cylinders and systems increased by 9.8% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a strong increase from 2017 to 2022: its volume increased at an average annual rate of +13.3% 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 +53.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, hydraulic cylinder and system imports fell to $X in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2017 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

China (X units), Russia (X units) and Turkey (X units) were the main suppliers of hydraulic cylinder and system imports to Uzbekistan, together comprising 56% of total imports. South Korea, Belarus, Italy, France, Kazakhstan, the United States, Germany and Ukraine lagged somewhat behind, together accounting for a further 29%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +176.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and Belarus ($X) constituted the largest hydraulic cylinder and system suppliers to Uzbekistan, with a combined 42% share of total imports. Turkey, Germany, Italy, the United States, Kazakhstan, France, South Korea and Ukraine lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, the United States, with a CAGR of +166.3%, saw the highest rates of growth with regard to the value of imports, 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 hydraulic cylinder and system import price amounted to $X per unit, which is down by -17.4% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 a decrease of -2.9% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+25.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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