Uzbekistan: Non-Household Fan Market 2024

Non-Household Fan Market Size in Uzbekistan

In 2022, the Uzbek non-household fan market decreased by -21.3% to $X, falling for the third year in a row after eight years of growth. In general, consumption, however, enjoyed a resilient expansion. Non-household fan consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Household Fan Exports

Exports from Uzbekistan

In 2022, approx. X units of non-household ventilation fans were exported from Uzbekistan; with a decrease of -16.7% compared with 2021 figures. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 209%. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, non-household fan exports reduced rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 441% against the previous year. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Kazakhstan (X units), Kyrgyzstan (X units) and Tajikistan (X units) were the main destinations of non-household fan exports from Uzbekistan, together accounting for 66% of total exports. Russia, Azerbaijan, Armenia and Georgia lagged somewhat behind, together comprising a further 27%.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +706.2%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Kazakhstan ($X) and Tajikistan ($X) constituted the largest markets for non-household fan exported from Uzbekistan worldwide, together comprising 76% of total exports. Kyrgyzstan, Russia, Armenia and Georgia lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Georgia, with a CAGR of +1,011.4%, saw 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 non-household fan export price stood at $X per unit in 2022, with a decrease of -15.4% against the previous year. In general, the export price, however, saw a mild expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 75% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Georgia ($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 Azerbaijan (+57.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Uzbekistan

In 2022, purchases abroad of non-household ventilation fans decreased by -32.8% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 119% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-household fan imports declined markedly to $X in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 when imports increased by 134%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-household fan to Uzbekistan, accounting for a 65% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 2.2% share.

From 2017 to 2022, the average annual growth rate of volume from China stood at +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+69.4% per year) and Turkey (-33.4% per year).

In value terms, China ($X), South Korea ($X) and Turkey ($X) were the largest non-household fan suppliers to Uzbekistan, with a combined 75% share of total imports.

South Korea, with a CAGR of +41.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 non-household fan import price amounted to $X per unit, jumping by 17% against the previous year. Over the last five-year period, it increased at an average annual rate of +5.6%. The pace of growth appeared the most rapid in 2019 an increase of 17%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+100.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform