Uzbekistan: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Uzbekistan

In 2022, the Uzbek stainless steel household articles market decreased by -51.6% to $X, falling for the third year in a row after eight years of growth. Overall, consumption, however, saw resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Uzbekistan

In 2022, stainless steel household articles exports from Uzbekistan skyrocketed to X units, growing by 122% compared with 2021 figures. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 938% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, stainless steel household articles exports skyrocketed to $X in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,883% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kyrgyzstan (X units), Afghanistan (X units) and Turkmenistan (X units) were the main destinations of stainless steel household articles exports from Uzbekistan, together comprising 97% of total exports.

From 2017 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +62.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X), Afghanistan ($X) and Tajikistan ($X) were the largest markets for stainless steel household articles exported from Uzbekistan worldwide, together comprising 99% of total exports.

Kyrgyzstan, with a CAGR of +127.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, waning by -8.1% against the previous year. Over the period under review, the export price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 an increase of 134%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Turkmenistan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Uzbekistan

In 2022, supplies from abroad of table, kitchen or household articles and parts of stainless steel decreased by -48.5% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2018 with an increase of 180% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, stainless steel household articles imports declined to $X in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 142% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Pakistan (X units) were the main suppliers of stainless steel household articles imports to Uzbekistan, together comprising 87% of total imports.

From 2017 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +133.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Uzbekistan, comprising 79% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by Pakistan, with a 2.2% share.

From 2017 to 2022, the average annual growth rate of value from China stood at +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.5% per year) and Pakistan (+146.1% per year).

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, picking up by 77% against the previous year. Overall, the import price posted a significant increase. The pace of growth was the most pronounced in 2021 an increase of 782% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+97.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :