Uzbekistan: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Uzbekistan

The Uzbek tapered roller bearing market amounted to $X in 2021, leveling off at 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). Over the period under review, consumption, however, showed a significant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Tapered Roller Bearing Exports

Exports from Uzbekistan

In 2021, tapered roller bearing exports from Uzbekistan amounted to X kg, growing by 15% compared with the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 316%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, tapered roller bearing exports rose rapidly to $X in 2021. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 414% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Kyrgyzstan (X kg), Kazakhstan (X kg) and Japan (X kg) were the main destinations of tapered roller bearing exports from Uzbekistan, together accounting for 93% of total exports. South Korea lagged somewhat behind, comprising a further 5.8%.

From 2017 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +412.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tapered roller bearing exported from Uzbekistan were Kyrgyzstan ($X), Kazakhstan ($X) and Japan ($X), with a combined 92% share of total exports. These countries were followed by South Korea and Ukraine, which together accounted for a further 5.9%.

South Korea, with a CAGR of +347.6%, recorded the highest rates of growth with regard to 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

In 2021, the average tapered roller bearing export price amounted to $X per ton, reducing by -4.2% against the previous year. Over the last four years, it increased at an average annual rate of +4.4%. The growth pace was the most rapid in 2020 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to South Korea ($X per ton) and Japan ($X per ton), while the average price for exports to Ukraine ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+14.6%), while the prices for the other major destinations experienced a decline.

Tapered Roller Bearing Imports

Imports into Uzbekistan

In 2021, overseas purchases of tapered roller bearings decreased by -1.9% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2019 when imports increased by 516%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, tapered roller bearing imports stood at $X in 2021. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 453%. 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, South Korea (X tons) constituted the largest supplier of tapered roller bearing to Uzbekistan, accounting for a 55% share of total imports. Moreover, tapered roller bearing imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 13% share.

From 2017 to 2021, the average annual growth rate of volume from South Korea amounted to +116.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+67.5% per year) and Russia (+84.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of tapered roller bearings to Uzbekistan, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Russia, with a 14% share.

From 2017 to 2021, the average annual rate of growth in terms of value from South Korea stood at +120.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+67.4% per year) and Russia (+84.4% per year).

Import Prices by Country

The average tapered roller bearing import price stood at $X per ton in 2021, picking up by 3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 7.5%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :