Uzbekistan: Tap And Valve Market 2024

Tap And Valve Market Size in Uzbekistan

In 2022, the Uzbek tap and valve market increased by 14% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Tap And Valve Production in Uzbekistan

In value terms, tap and valve production fell to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Tap and valve production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Tap And Valve Exports

Exports from Uzbekistan

In 2022, the amount of taps, cocks, valves and similar appliances exported from Uzbekistan surged to X tons, picking up by 82% against 2021 figures. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 125% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, tap and valve exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for tap and valve exports from Uzbekistan, accounting for a 74% share of total exports. Moreover, tap and valve exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), sixfold. The third position in this ranking was held by Tajikistan (X tons), with a 4.7% share.

From 2017 to 2022, the average annual growth rate of volume to Russia amounted to +54.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+3.1% per year) and Tajikistan (+145.4% per year).

In value terms, Russia ($X) remains the key foreign market for taps, cocks, valves and similar appliances exports from Uzbekistan, comprising 79% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total exports. It was followed by Ukraine, with a 1.9% share.

From 2017 to 2022, the average annual growth rate of value to Russia amounted to +69.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+12.7% per year) and Ukraine (+995.3% per year).

Export Prices by Country

In 2022, the average tap and valve export price amounted to $X per ton, dropping by -9.7% against the previous year. In general, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 174%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Tap And Valve Imports

Imports into Uzbekistan

Tap and valve imports into Uzbekistan skyrocketed to X tons in 2022, growing by 37% against 2021. In general, imports showed significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 86%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, tap and valve imports declined slightly to $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2018 when imports increased by 146%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest tap and valve supplier to Uzbekistan, with a 65% share of total imports. Moreover, tap and valve imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a 10% share.

From 2017 to 2022, the average annual growth rate of volume from China totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+35.5% per year) and Turkey (+31.5% per year).

In value terms, China ($X), Russia ($X) and Turkey ($X) were the largest tap and valve suppliers to Uzbekistan, with a combined 67% share of total imports. These countries were followed by Italy, South Korea and Ukraine, which together accounted for a further 16%.

Among the main suppliers, Ukraine, with a CAGR of +63.4%, recorded the highest growth rate of 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

In 2022, the average tap and valve import price amounted to $X per ton, declining by -28.4% against the previous year. In general, the import price showed a pronounced decline. The growth pace was the most rapid in 2018 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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