Uzbekistan: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Uzbekistan

In 2021, after nine years of growth, there was significant decline in the Uzbek metal hot-worked helical spring market, when its value decreased by -15.5% to $X. Overall, consumption, however, saw significant growth. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped markedly in the following year.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Uzbekistan

In 2021, exports of iron or steel hot-worked helical springs from Uzbekistan surged to X tons, increasing by 207% on 2020. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 285% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, metal hot-worked helical spring exports skyrocketed to $X in 2021. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) was the main destination for metal hot-worked helical spring exports from Uzbekistan, accounting for a 81% share of total exports. Moreover, metal hot-worked helical spring exports to Kyrgyzstan exceeded the volume sent to the second major destination, Tajikistan (X tons), eightfold.

From 2017 to 2021, the average annual growth rate of volume to Kyrgyzstan amounted to +803.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+301.7% per year) and Russia (+21.7% per year).

In value terms, Tajikistan ($X) emerged as the key foreign market for iron or steel hot-worked helical springs exports from Uzbekistan, comprising 63% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports.

From 2017 to 2021, the average annual rate of growth in terms of value to Tajikistan stood at +1,469.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+26.2% per year) and Kyrgyzstan (+715.9% per year).

Export Prices by Country

The average metal hot-worked helical spring export price stood at $X per ton in 2021, surging by 45% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+287.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Uzbekistan

After four years of growth, supplies from abroad of iron or steel hot-worked helical springs decreased by -82.9% to X tons in 2021. In general, imports saw a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Imports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, metal hot-worked helical spring imports shrank to $X in 2021. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 80%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest metal hot-worked helical spring supplier to Uzbekistan, accounting for a 63% share of total imports. Moreover, metal hot-worked helical spring imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a 7.7% share.

From 2017 to 2021, the average annual growth rate of volume from the Czech Republic totaled +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.5% per year) and China (-60.0% per year).

In value terms, China ($X), the Czech Republic ($X) and South Korea ($X) appeared to be the largest metal hot-worked helical spring suppliers to Uzbekistan, with a combined 64% share of total imports. These countries were followed by Russia and Turkey, which together accounted for a further 7.6%.

In terms of the main suppliers, Turkey, with a CAGR of +83.3%, saw the highest growth rate of 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 2021, the average metal hot-worked helical spring import price amounted to $X per ton, picking up by 397% against the previous year. Over the period under review, the import price recorded significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+146.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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