Uzbekistan: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Uzbekistan

In 2021, after two years of growth, there was significant decline in the Uzbek machine-tool for removing material market, when its value decreased by -36.1% to $X. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then declined markedly in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Uzbekistan

In 2021, approx. X units of machine-tools for working any material by removal of material were exported from Uzbekistan; rising by 967% against 2020. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a slight curtailment. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X units) was the main destination for machine-tool for removing material exports from Uzbekistan, with a 94% share of total exports. Moreover, machine-tool for removing material exports to Kyrgyzstan exceeded the volume sent to the second major destination, South Korea (X units), more than tenfold.

From 2018 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan amounted to +447.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and China (-20.6% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Uzbekistan, comprising 96% of total exports. The second position in the ranking was taken by South Korea ($X), with a 3.2% share of total exports.

From 2018 to 2021, the average annual growth rate of value to Kyrgyzstan stood at +682.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and China (-78.1% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, surging by 432% against the previous year. In general, the export price, however, recorded a sharp curtailment. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+44.2%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Uzbekistan

In 2021, the amount of machine-tools for working any material by removal of material imported into Uzbekistan contracted dramatically to X units, falling by -25.2% against the previous year's figure. Overall, imports saw a perceptible decline. The pace of growth was the most pronounced in 2019 with an increase of 25%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, machine-tool for removing material imports reduced markedly to $X in 2021. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 106%. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped notably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Uzbekistan, accounting for a 63% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), sixfold. Spain (X units) ranked third in terms of total imports with a 3.8% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from China stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+15.5% per year) and Spain (+116.6% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Uzbekistan, comprising 41% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 13% share of total imports. It was followed by Spain, with an 8.7% share.

From 2017 to 2021, the average annual rate of growth in terms of value from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+24.9% per year) and Spain (+379.3% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, falling by -10% against the previous year. In general, import price indicated a buoyant increase from 2017 to 2021: its price increased at an average annual rate of +11.5% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average import price increased by 66%. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then contracted in the following year.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+128.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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