Uzbekistan: Grinding Machine Market 2024

Grinding Machine Market Size in Uzbekistan

The Uzbek grinding machine market plummeted to $X in 2021, falling by -47.6% 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 continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Grinding Machine Exports

Exports from Uzbekistan

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were exported from Uzbekistan; rising by 125% compared with the year before. In general, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 150%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, grinding machine exports surged to $X in 2021. Over the period under review, exports, however, recorded a sharp curtailment. The pace of growth was the most pronounced in 2019 with an increase of 1,319%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for grinding machine exports from Uzbekistan, with a 56% share of total exports. Moreover, grinding machine exports to Turkey exceeded the volume sent to the second major destination, Kyrgyzstan (X units), threefold. The third position in this ranking was taken by Russia (X units), with an 11% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+18.9% per year) and Russia (-49.2% per year).

In value terms, the largest markets for grinding machine exported from Uzbekistan were Turkey ($X), Russia ($X) and Kazakhstan ($X), together comprising 92% of total exports.

Among the main countries of destination, Turkey, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2021, dropping by -1.6% against the previous year. Over the period under review, the export price recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 463%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-6.3%), while the prices for the other major destinations experienced a decline.

Grinding Machine Imports

Imports into Uzbekistan

In 2021, grinding machine imports into Uzbekistan expanded markedly to X units, growing by 11% on the year before. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 120% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, grinding machine imports contracted dramatically to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 94%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest grinding machine supplier to Uzbekistan, with a 21% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. Romania (X units) ranked third in terms of total imports with a 4.8% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from China amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+109.5% per year) and Romania (0.0% per year).

In value terms, China ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to Uzbekistan, comprising 38% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by Russia, with an 11% share.

From 2017 to 2021, the average annual growth rate of value from China amounted to -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+48.3% per year) and Russia (+87.1% per year).

Import Prices by Country

In 2021, the average grinding machine import price amounted to $X per unit, shrinking by -52.6% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 94% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+38.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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