Uzbekistan: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Uzbekistan

The Uzbek metal solid fuel appliances market soared to $X in 2022, increasing by 77% against the previous year. Over the period under review, consumption, however, saw a significant increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Uzbekistan

In value terms, metal solid fuel appliances production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 160% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Uzbekistan

In 2022, metal solid fuel appliances exports from Uzbekistan expanded significantly to X units, surging by 10% compared with the previous year. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 175%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal solid fuel appliances exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 234% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Kyrgyzstan (X units) was the main destination for metal solid fuel appliances exports from Uzbekistan, accounting for a 61% share of total exports. Moreover, metal solid fuel appliances exports to Kyrgyzstan exceeded the volume sent to the second major destination, Lithuania (X units), fourfold. The third position in this ranking was taken by Latvia (X units), with an 11% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan stood at -21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+26,566.7% per year) and Latvia (+1,308.3% per year).

In value terms, the largest markets for metal solid fuel appliances exported from Uzbekistan were Lithuania ($X), Latvia ($X) and Kyrgyzstan ($X), together comprising 82% of total exports.

Latvia, with a CAGR of +1,446.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, picking up by 82% against the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 135% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Kyrgyzstan ($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 Kyrgyzstan (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Uzbekistan

In 2022, the amount of iron or steel solid fuel domestic appliances imported into Uzbekistan declined markedly to X units, waning by -46.5% on the previous year. Over the period under review, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal solid fuel appliances imports contracted sharply to $X in 2022. In general, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 121%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), Finland (X units) and India (X units) were the main suppliers of metal solid fuel appliances imports to Uzbekistan, together comprising 86% of total imports.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +319.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to Uzbekistan, comprising 70% of total imports. The second position in the ranking was taken by Finland ($X), with an 18% share of total imports. It was followed by Turkey, with a 4.1% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+144.0% per year) and Turkey (-58.0% per year).

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, with a decrease of -13.9% against the previous year. Overall, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2021 when the average import price increased by 28%. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+52.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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