Uzbekistan: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Uzbekistan

In 2021, the Uzbek market for iron or steel flat spiral or discs springs decreased by -5.9% to $X, falling for the second year in a row after eight years of growth. In general, consumption continues to indicate significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Uzbekistan

In 2021, approx. X kg of iron or steel flat spiral or discs springs were exported from Uzbekistan; increasing by 547% on the previous year. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2019 with an increase of 833% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal spiral or discs spring exports dropped rapidly to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 464% against the previous year. The exports peaked at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

Tajikistan (X kg), Russia (X kg) and India (X kg) were the main destinations of metal spiral or discs spring exports from Uzbekistan, together comprising 82% of total exports.

From 2017 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +279.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal spiral or discs spring exported from Uzbekistan were Tajikistan ($X), Russia ($X) and India ($X), together accounting for 82% of total exports.

Tajikistan, with a CAGR of +649.4%, 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 export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, waning by -95.4% against the previous year. Overall, the export price showed a precipitous decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 2,547% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Algeria ($X per ton) and Kyrgyzstan ($X per ton), while the average price for exports to Russia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+103.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Uzbekistan

Metal spiral or discs spring imports into Uzbekistan surged to X tons in 2021, growing by 76% against the year before. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 507%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, metal spiral or discs spring imports fell to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,028%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest metal spiral or discs spring supplier to Uzbekistan, with a 43% share of total imports. Moreover, metal spiral or discs spring imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was held by Hungary (X tons), with a 1.5% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +106.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+52.8% per year) and Hungary (+5.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Uzbekistan, comprising 28% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by China, with an 8.9% share.

From 2017 to 2021, the average annual growth rate of value from Turkey stood at +123.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+267.8% per year) and China (+50.5% per year).

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, with a decrease of -46.4% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 86%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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