Uzbekistan: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Uzbekistan

After five years of growth, the Uzbek machine-tool for working wood market decreased by -7.8% to $X in 2021. Over the period under review, consumption, however, saw a perceptible increase. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Machine-Tools For Working Wood in Uzbekistan

In value terms, machine-tool for working wood production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 46% against the previous year. Machine-tool for working wood production peaked at $X in 2020, and then declined in the following year.

Exports of Machine-Tools For Working Wood

Exports from Uzbekistan

For the third consecutive year, Uzbekistan recorded growth in shipments abroad of machine-tools for working wood, which increased by 19% to X tons in 2021. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2019 with an increase of 147%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, machine-tool for working wood exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 121%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Kazakhstan (X tons), Russia (X tons) and Kyrgyzstan (X kg) were the main destinations of machine-tool for working wood exports from Uzbekistan, with a combined 95% share 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 Kyrgyzstan (with a CAGR of +52.6%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Russia ($X) and Kyrgyzstan ($X) constituted the largest markets for machine-tool for working wood exported from Uzbekistan worldwide, together accounting for 95% of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +82.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, surging by 39% against the previous year. Over the last four-year period, it increased at an average annual rate of +5.2%. As a result, the export price attained 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 Kyrgyzstan ($X per ton), while the average price for exports to Russia ($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 Kyrgyzstan (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Uzbekistan

Machine-tool for working wood imports into Uzbekistan contracted markedly to X tons in 2021, which is down by -25.8% compared with the previous year. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for working wood imports dropped remarkably to $X in 2021. In general, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Uzbekistan, with a 46% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with an 8.6% share.

From 2017 to 2021, the average annual growth rate of volume from China totaled -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.9% per year) and Turkey (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Uzbekistan, comprising 36% of total imports. The second position in the ranking was taken by Italy ($X), with a 9% share of total imports. It was followed by Turkey, with an 8.5% share.

From 2017 to 2021, the average annual rate of growth in terms of value from China stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Turkey (-4.4% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, growing by 5.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 8.7% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($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 (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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