Uzbekistan: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Uzbekistan

The Uzbek wood milling machine market dropped notably to $X in 2021, waning by -19.7% 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). Overall, consumption recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Uzbekistan

In 2021, overseas shipments of planing, milling or moulding machines increased by 157% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 250%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, wood milling machine exports soared to $X in 2021. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for wood milling machine exports from Uzbekistan, accounting for a 92% share of total exports. Moreover, wood milling machine exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X units), more than tenfold.

From 2017 to 2021, the average annual rate of growth in terms of volume to Kazakhstan totaled +69.5%.

In value terms, Kazakhstan ($X) remains the key foreign market for planing, milling or moulding machines exports from Uzbekistan, comprising 81% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 19% share of total exports.

From 2017 to 2021, the average annual growth rate of value to Kazakhstan amounted to +66.4%.

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, waning by -22.4% against the previous year. Over the period under review, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 106% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Kazakhstan stood at $X per unit.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+2.6%).

Wood Milling Machine Imports

Imports into Uzbekistan

In 2021, purchases abroad of planing, milling or moulding machines decreased by -31.8% to X units, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2019 when imports increased by 42%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, wood milling machine imports declined sharply to $X in 2021. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 21% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood milling machine to Uzbekistan, with a 69% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by South Korea (X units), with a 2.8% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from China totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+40.2% per year) and South Korea (+151.5% per year).

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to Uzbekistan, comprising 80% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.2% share of total imports. It was followed by South Korea, with a 3.5% share.

From 2017 to 2021, the average annual rate of growth in terms of value from China amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+45.6% per year) and South Korea (+276.3% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, with an increase of 20% against the previous year. Overall, the import price, however, showed a pronounced descent. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+59.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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