Uzbekistan: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Uzbekistan

The Uzbek market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels expanded remarkably to $X in 2021, picking up by 12% 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). In general, consumption recorded a remarkable increase. Grease fittings and oil seals consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Uzbekistan

In 2021, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -19.4% to X units, falling for the fourth year in a row after six years of growth. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 107%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, grease fittings and oil seals exports shrank to $X in 2021. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 303% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for grease fittings and oil seals exports from Uzbekistan, with a 66% share of total exports. Moreover, grease fittings and oil seals exports to Kazakhstan exceeded the volume sent to the second major destination, Turkey (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and South Korea (+4.6% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for grease fittings and oil seals exports from Uzbekistan, comprising 91% of total exports. The second position in the ranking was taken by Turkey ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and South Korea (-2.9% per year).

Export Prices by Country

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, growing by 24% against the previous year. Overall, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 95%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+53.0%).

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Uzbekistan

In 2021, overseas purchases of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 5% to X units, rising for the third consecutive year after three years of decline. Overall, imports saw resilient growth. The growth pace was the most rapid in 2019 with an increase of 739%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, grease fittings and oil seals imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 776% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Russia (X units) and South Korea (X units) were the main suppliers of grease fittings and oil seals imports to Uzbekistan, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +55.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and South Korea ($X) were the largest grease fittings and oil seals suppliers to Uzbekistan, with a combined 53% share of total imports. China, Turkey, Poland, India, Italy, the United States, Ukraine and Singapore lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, China, with a CAGR of +69.8%, saw the highest rates of growth with regard to 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 2021, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, growing by 24% against the previous year. In general, the import price continues to indicate mild growth. The most prominent rate of growth was recorded in 2013 an increase of 77% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per unit), while the price for Singapore (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+39.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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