Uzbekistan: Roller Bearing Market 2025

Roller Bearing Market Size in Uzbekistan

The Uzbek roller bearing market surged to $X in 2022, jumping by 130% 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 enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Roller Bearing Exports

Exports from Uzbekistan

In 2022, overseas shipments of roller bearings increased by 10% to X kg, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2021 with an increase of 465% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, roller bearing exports contracted slightly to $X in 2022. In general, exports recorded strong growth. The growth pace was the most rapid in 2021 when exports increased by 461%. As a result, the exports attained the peak of $X, and then dropped slightly in the following year.

Exports by Country

In 2022, China (X tons) represented the largest exporter of roller bearings, making up 43% of total exports. Singapore (X tons) ranks second in terms of the total exports with a 9.7% share, followed by Germany (7.2%), France (6.9%) and Slovakia (5.4%). Italy (X tons), South Korea (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Turkey (X tons), the United States (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the roller bearings exports, with a CAGR of +45.2% from 2017 to 2022. At the same time, Indonesia (+36.6%), Turkey (+13.7%) and Germany (+2.3%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Italy (-2.3%), Slovakia (-4.6%), Taiwan (Chinese) (-5.0%), South Korea (-5.9%), Vietnam (-7.2%), Hong Kong SAR (-9.3%), France (-16.3%) and the United States (-31.3%) illustrated a downward trend over the same period. While the share of China (+35 p.p.) and Indonesia (+1.7 p.p.) increased significantly in terms of the global exports from 2017-2022, the share of Hong Kong SAR (-1.6 p.p.), Italy (-1.7 p.p.), Singapore (-1.9 p.p.), South Korea (-2 p.p.), Slovakia (-3 p.p.), the United States (-6 p.p.) and France (-13.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from Uzbekistan were China ($X), Singapore ($X) and Germany ($X), together comprising 45% of total exports. Italy, the United States, France, Hong Kong SAR, Vietnam, Slovakia, South Korea, Taiwan (Chinese), Turkey and Indonesia lagged somewhat behind, together accounting for a further 34%.

Indonesia, with a CAGR of +24.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Uzbekistan stood at $X per ton in 2022, which is down by -11.4% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+38.7%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Uzbekistan

In 2022, the amount of roller bearings imported into Uzbekistan surged to X tons, picking up by 66% compared with 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 87%. Uzbekistan imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, roller bearing imports soared to $X in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) and Indonesia (X tons) represented the key importers of roller bearingsin the world, together recording near 32% of total imports. It was distantly followed by Germany (X tons), comprising a 6.2% share of total imports. India (X tons), Italy (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Germany ($X) and India ($X) were the countries with the highest levels of imports in 2022, together accounting for 24% of total imports.

Indonesia, with a CAGR of +15.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Uzbekistan amounted to $X per ton, with an increase of 38% against the previous year. In general, the import price, however, showed a perceptible descent. Uzbekistan import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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