Uzbekistan: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Uzbekistan

In 2021, the Uzbek full-rotation excavator market decreased by -13% to $X, falling for the second consecutive year after eight years of growth. Overall, consumption, however, recorded a significant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Full-Rotation Excavator Exports

Exports from Uzbekistan

In 2021, shipments abroad of self-propelled full-rotation excavators and bulldozers increased by 50% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded modest growth. The pace of growth was the most pronounced in 2020 when exports increased by 500%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, full-rotation excavator exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 4,447%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Afghanistan (X units), Kyrgyzstan (X units) and Kazakhstan (X units) were the main destinations of full-rotation excavator exports from Uzbekistan, with a combined 67% share of total exports. These countries were followed by Armenia, Tajikistan and Russia, which together accounted for a further 39%.

From 2017 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Kyrgyzstan ($X) and Tajikistan ($X) constituted the largest markets for full-rotation excavator exported from Uzbekistan worldwide, together accounting for 60% of total exports.

In terms of the main countries of destination, Tajikistan, with a CAGR of +2,714.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average full-rotation excavator export price amounted to $X per unit, increasing by 31% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 519% 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.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Tajikistan ($X per unit) and Armenia ($X per unit), while the average price for exports to Afghanistan ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+1,607.4%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Uzbekistan

In 2021, supplies from abroad of self-propelled full-rotation excavators and bulldozers decreased by -12.1% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 187% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, full-rotation excavator imports shrank to $X in 2021. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 240%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), China (X units) and South Korea (X units) were the main suppliers of full-rotation excavator imports to Uzbekistan, with a combined 93% share of total imports.

From 2017 to 2021, the biggest increases were recorded for Russia (with a CAGR of +57.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and South Korea ($X) were the largest full-rotation excavator suppliers to Uzbekistan, together comprising 92% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +47.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Over the period from 2017 to 2021, it increased at an average annual rate of +5.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Kazakhstan ($X per unit) and China ($X per unit), while the price for Japan ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+33.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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