Uzbekistan: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Uzbekistan

The Uzbek machine-tool for drilling market contracted markedly to $X in 2022, waning by -61.8% 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, however, recorded significant growth. Machine-tool for drilling consumption peaked at $X in 2021, and then shrank notably in the following year.

Machine-Tool For Drilling Exports

Exports from Uzbekistan

After four years of decline, shipments abroad of machine-tools for drilling, boring or milling metal decreased by -98.3% to X units in 2022. In general, exports recorded a abrupt descent. The smallest decline of -52.2% was in 2018. Over the period under review, the exports reached the maximum at X units in 2021, and then fell rapidly in the following year.

In value terms, machine-tool for drilling exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,378% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Iran (X units) was the main destination for machine-tool for drilling exports from Uzbekistan, accounting for a 69% share of total exports. Moreover, machine-tool for drilling exports to Iran exceeded the volume sent to the second major destination, Russia (X units), ninefold. The United Arab Emirates (X units) ranked third in terms of total exports with a 7.7% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Iran stood at -98.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-45.1% per year) and the United Arab Emirates (0.0% per year).

In value terms, Russia ($X) emerged as the key foreign market for machine-tools for drilling, boring or milling metal exports from Uzbekistan, comprising 64% of total exports. The second position in the ranking was held by Turkey ($X), with a 21% share of total exports. It was followed by Iran, with a 12% share.

From 2017 to 2022, the average annual growth rate of value to Russia amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Iran (-62.2% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, growing by 17,310% against the previous year. Overall, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Iran (+2,899.2%), while the prices for the other major destinations experienced mixed trend patterns.

Machine-Tool For Drilling Imports

Imports into Uzbekistan

In 2022, the amount of machine-tools for drilling, boring or milling metal imported into Uzbekistan contracted notably to X units, falling by -65.3% on the previous year. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 69,900% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell sharply in the following year.

In value terms, machine-tool for drilling imports contracted sharply to $X in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 6,338% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Uzbekistan, with a 75% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Kazakhstan (X units), sevenfold. Turkey (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +77.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+96.9% per year) and Turkey (+67.6% per year).

In value terms, the largest machine-tool for drilling suppliers to Uzbekistan were Turkey ($X), South Korea ($X) and China ($X), together comprising 82% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +95.3%, recorded 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 2022, the average machine-tool for drilling import price amounted to $X per unit, with an increase of 71% against the previous year. In general, the import price, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 234%. The import price peaked at $X per unit in 2012; however, from 2013 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 South Korea ($X per unit), while the price for Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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