Uzbekistan: Stranded Wire Market 2025

Stranded Wire Market Size in Uzbekistan

The Uzbek stranded wire market fell sharply to $X in 2021, dropping by -17.3% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Stranded wire consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Stranded Wire Production in Uzbekistan

In value terms, stranded wire production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 82% against the previous year. Stranded wire production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Uzbekistan

In 2021, the amount of stranded wire, ropes and cables exported from Uzbekistan soared to X tons, jumping by 157% compared with 2020 figures. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 383% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, stranded wire exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,253%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for stranded wire exports from Uzbekistan, with a 81% share of total exports. Moreover, stranded wire exports to Turkey exceeded the volume sent to the second major destination, Kazakhstan (X tons), sevenfold. Georgia (X tons) ranked third in terms of total exports with a 5.7% share.

From 2017 to 2021, the average annual growth rate of volume to Turkey stood at +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-19.8% per year) and Georgia (+37.2% per year).

In value terms, Turkey ($X) emerged as the key foreign market for stranded wire, ropes and cables exports from Uzbekistan, comprising 92% of total exports. The second position in the ranking was held by Georgia ($X), with a 6.5% share of total exports. It was followed by Kazakhstan, with a 0.7% share.

From 2017 to 2021, the average annual growth rate of value to Turkey amounted to +85.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+62.5% per year) and Kazakhstan (-32.0% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2021, surging by 98% against the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 208%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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 Turkey ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Uzbekistan

Stranded wire imports into Uzbekistan surged to X tons in 2021, increasing by 16% against 2020 figures. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 82%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, stranded wire imports skyrocketed to $X in 2021. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 100%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of stranded wire to Uzbekistan, with a 46% share of total imports. Moreover, stranded wire imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 10% share.

From 2017 to 2021, the average annual growth rate of volume from Russia amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.2% per year) and Turkey (+25.0% per year).

In value terms, Russia ($X) constituted the largest supplier of stranded wire, ropes and cables to Uzbekistan, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by South Korea, with an 11% share.

From 2017 to 2021, the average annual rate of growth in terms of value from Russia amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+46.6% per year) and South Korea (+98.4% per year).

Import Prices by Country

The average stranded wire import price stood at $X per ton in 2021, rising by 28% against the previous year. Overall, import price indicated pronounced growth from 2017 to 2021: its price increased at an average annual rate of +2.9% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stranded wire import price increased by +51.8% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Kazakhstan ($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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :