Uzbekistan: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Uzbekistan

In 2021, after two years of growth, there was significant decline in the Uzbek market for instruments for measuring electrical quantities, when its value decreased by -8% to $X. Overall, consumption saw a pronounced decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Instruments for Measuring Electrical Quantities in Uzbekistan

In value terms, instruments for measuring electrical quantities production contracted to $X in 2021 estimated in export price. In general, production saw a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. Instruments for measuring electrical quantities production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from Uzbekistan

After four years of growth, overseas shipments of instruments for measuring electrical quantities decreased by -73.3% to X units in 2021. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 2,094% against the previous year. The exports peaked at X units in 2020, and then plummeted in the following year.

In value terms, instruments for measuring electrical quantities exports declined dramatically to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,818%. The exports peaked at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

Germany (X units) was the main destination for instruments for measuring electrical quantities exports from Uzbekistan, with a 62% share of total exports. Moreover, instruments for measuring electrical quantities exports to Germany exceeded the volume sent to the second major destination, Tajikistan (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 7.3% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Germany stood at +324.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (0.0% per year) and the Netherlands (0.0% per year).

In value terms, the largest markets for instruments for measuring electrical quantities exported from Uzbekistan were Russia ($X), Germany ($X) and Tajikistan ($X), with a combined 96% share of total exports. The Netherlands, the UK and Kyrgyzstan lagged somewhat behind, together comprising a further 3.9%.

Among the main countries of destination, the Netherlands, with a CAGR of +552.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, waning by -70.1% against the previous year. In general, the export price, however, posted mild growth. The pace of growth was the most pronounced in 2018 an increase of 187%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Kyrgyzstan ($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 China (+269.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Instruments for Measuring Electrical Quantities

Imports into Uzbekistan

In 2021, purchases abroad of instruments for measuring electrical quantities decreased by -23.4% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 556%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities imports shrank remarkably to $X in 2021. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 202%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Russia (X units) and Spain (X units) were the main suppliers of instruments for measuring electrical quantities imports to Uzbekistan, together accounting for 61% of total imports.

From 2017 to 2021, the biggest increases were recorded for Spain (with a CAGR of +141.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Russia ($X) and China ($X) constituted the largest instruments for measuring electrical quantities suppliers to Uzbekistan, together comprising 62% of total imports.

Spain, with a CAGR of +159.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average import price for instruments for measuring electrical quantities amounted to $X per unit, picking up by 4.6% against the previous year. Over the period under review, the import price, however, faced a abrupt setback. The growth pace was the most rapid in 2020 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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