Uzbekistan: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Uzbekistan

After three years of growth, the Uzbek non-numerically controlled drilling machine market decreased by -15.8% to $X in 2021. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-numerically controlled drilling machine consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Uzbekistan

In value terms, non-numerically controlled drilling machine production expanded remarkably to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.2% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 70%. Non-numerically controlled drilling machine production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Uzbekistan

In 2021, overseas shipments of non-numerically controlled drilling machines for working metal increased by 71% to X kg for the first time since 2017, thus ending a three-year declining trend. In general, exports posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 192%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports soared to $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 156%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X kg) was the main destination for non-numerically controlled drilling machine exports from Uzbekistan, accounting for a 95% share of total exports. Moreover, non-numerically controlled drilling machine exports to Iran exceeded the volume sent to the second major destination, Russia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-11.9% per year) and China (-31.2% per year).

In value terms, Iran ($X) emerged as the key foreign market for non-numerically controlled drilling machines for working metal exports from Uzbekistan, comprising 95% of total exports. The second position in the ranking was held by Russia ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Iran was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+9.0% per year) and China (-13.0% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, increasing by 7.4% against the previous year. In general, the export price recorded significant growth. The growth pace was the most rapid in 2019 an increase of 128%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+26.6%).

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Uzbekistan

In 2021, imports of non-numerically controlled drilling machines for working metal into Uzbekistan shrank remarkably to X tons, with a decrease of -41% on the previous year's figure. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine imports shrank sharply to $X in 2021. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Uzbekistan, together comprising 86% of total imports.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +41.1%), while imports for the other leaders experienced a decline.

In value terms, Russia ($X), China ($X) and Turkey ($X) were the largest non-numerically controlled drilling machine suppliers to Uzbekistan, with a combined 85% share of total imports.

Russia, with a CAGR of +46.8%, recorded the highest growth rate of 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

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, rising by 41% against the previous year. Over the period from 2017 to 2021, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+98.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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