Uzbekistan: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Uzbekistan

The Uzbek market for parts of harvester and threshers declined sharply to $X in 2021, dropping by -77.5% 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 saw a abrupt shrinkage. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Exports of Parts Of Harvester And Threshers

Exports from Uzbekistan

In 2021, overseas shipments of parts of harvester and threshers increased by 373% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, faced a deep contraction. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. In general, exports, however, faced a dramatic shrinkage. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for parts of harvester and threshers exports from Uzbekistan, accounting for a 70% share of total exports. Moreover, parts of harvester and threshers exports to Kazakhstan exceeded the volume sent to the second major destination, Canada (X units), eightfold.

From 2017 to 2021, the average annual growth rate of volume to Kazakhstan totaled -21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+32.8% per year) and Kyrgyzstan (-28.2% per year).

In value terms, Canada ($X), Kazakhstan ($X) and Kyrgyzstan ($X) appeared to be the largest markets for parts of harvester and threshers exported from Uzbekistan worldwide, together accounting for 75% of total exports.

Among the main countries of destination, Canada, with a CAGR of +47.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, dropping by -23.7% against the previous year. Overall, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Kazakhstan ($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 Canada (+11.2%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Harvester And Threshers

Imports into Uzbekistan

In 2021, approx. X units of parts of harvester and threshers were imported into Uzbekistan; waning by -78.1% compared with the previous year. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 85% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then shrank significantly in the following year.

In value terms, parts of harvester and threshers imports dropped significantly to $X in 2021. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 116% against the previous year. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2021, the United States (X units) constituted the largest parts of harvester and threshers supplier to Uzbekistan, accounting for a 24% share of total imports. Moreover, parts of harvester and threshers imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Hungary (X units) ranked third in terms of total imports with a 7.4% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from the United States totaled +61.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.7% per year) and Hungary (-27.3% per year).

In value terms, the United States ($X) constituted the largest supplier of parts of harvester and threshers to Uzbekistan, comprising 26% of total imports. The second position in the ranking was held by Germany ($X), with a 5.9% share of total imports. It was followed by Hungary, with a 4.7% share.

From 2017 to 2021, the average annual growth rate of value from the United States stood at +54.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-50.5% per year) and Hungary (-23.1% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, rising by 3.9% against the previous year. In general, import price indicated a remarkable increase from 2017 to 2021: its price increased at an average annual rate of +5.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of harvester and threshers import price increased by +58.3% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 42% against the previous year. The import price peaked in 2021 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 Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform