Report Update Nov 1, 2024

Uzbekistan - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Uzbekistan

For the fourth consecutive year, the Uzbek ball bearing parts market recorded decline in sales value, which decreased by -46.3% to $X in 2021. In general, consumption faced a dramatic setback. The most prominent rate of growth was recorded in 2018 when the market value decreased by -33.5% against the previous year. Ball bearing parts consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Ball Bearing Parts Exports

Exports from Uzbekistan

In 2021, approx. X kg of parts of ball or roller bearings were exported from Uzbekistan; dropping by -98% against the year before. In general, exports saw a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 25,923% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, ball bearing parts exports dropped markedly to $X in 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 44,808% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Ukraine (X kg) was the main destination for ball bearing parts exports from Uzbekistan, accounting for a 94% share of total exports. Moreover, ball bearing parts exports to Ukraine exceeded the volume sent to the second major destination, Russia (X kg), more than tenfold.

From 2018 to 2021, the average annual rate of growth in terms of volume to Ukraine stood at +122.0%.

In value terms, Ukraine ($X) remains the key foreign market for parts of ball or roller bearings exports from Uzbekistan, comprising 99% of total exports. The second position in the ranking was taken by Russia ($X), with a 1% share of total exports.

From 2018 to 2021, the average annual growth rate of value to Ukraine stood at +199.2%.

Export Prices by Country

In 2021, the average ball bearing parts export price amounted to $X per ton, increasing by 1.6% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 243% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2018 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+81.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Uzbekistan

For the fourth consecutive year, Uzbekistan recorded decline in purchases abroad of parts of ball or roller bearings, which decreased by -68.7% to X tons in 2021. Overall, imports recorded a sharp descent. The smallest decline of -24.3% was in 2020. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, ball bearing parts imports shrank significantly to $X in 2021. In general, imports showed a precipitous curtailment. The smallest decline of -33.4% was in 2018. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest ball bearing parts supplier to Uzbekistan, accounting for a 89% share of total imports. Moreover, ball bearing parts imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2017 to 2021, the average annual rate of growth in terms of volume from China stood at -43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+235.7% per year) and Japan (+19.2% per year).

In value terms, China ($X) constituted the largest supplier of parts of ball or roller bearings to Uzbekistan, comprising 62% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.9% share of total imports.

From 2017 to 2021, the average annual rate of growth in terms of value from China stood at -45.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+161.5% per year) and Japan (+3.5% per year).

Import Prices by Country

In 2021, the average ball bearing parts import price amounted to $X per ton, jumping by 64% against the previous year. In general, import price indicated a resilient increase from 2017 to 2021: its price increased at an average annual rate of +5.3% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for parts of ball or roller bearings in the world?

China remains the largest ball bearing parts consuming country worldwide, comprising approx. 24% of total volume. Moreover, ball bearing parts consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8% share.

What are the largest producers of parts of ball or roller bearings in the world?

The country with the largest volume of ball bearing parts production was China, comprising approx. 37% of total volume. Moreover, ball bearing parts production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 9.1% share.

What are the leading suppliers of parts of ball or roller bearings to Uzbekistan?

In value terms, China constituted the largest supplier of ball bearing parts to Uzbekistan, comprising 69% of total imports. The second position in the ranking was occupied by Germany, with an 8.2% share of total imports. It was followed by Turkey, with a 5.5% share.

What are the leading importers of parts of ball or roller bearings from Uzbekistan?

In value terms, Kazakhstan remains the key foreign market for ball bearing parts exports from Uzbekistan, comprising 95% of total exports. The second position in the ranking was occupied by Russia $129), with a 4.8% share of total exports.

What is the average export price for parts of ball or roller bearings in Uzbekistan?

The average ball bearing parts export price stood at $26,024 per ton in 2021, jumping by 123% against the previous year.

What is the average import price for parts of ball or roller bearings in Uzbekistan?

In 2021, the average ball bearing parts import price amounted to $5,362 per ton, increasing by 9.5% against the previous year.

This report provides an in-depth analysis of the ball bearing parts market in Uzbekistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)

Country coverage:

Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uzbekistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023