Uzbekistan: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Uzbekistan

After three years of growth, the Uzbek market for pneumatic or hydraulic hand tools decreased by -9.4% to $X in 2021. Overall, consumption, however, saw prominent growth. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.

Production of Pneumatic Or Hydraulic Hand Tools in Uzbekistan

In value terms, pneumatic or hydraulic hand tool production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Uzbekistan

In 2021, the amount of pneumatic or hydraulic hand tools exported from Uzbekistan dropped remarkably to X kg, falling by -34.9% on the previous year. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 287% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2020, and then fell significantly in the following year.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. Overall, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 285% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Tajikistan (X kg) was the main destination for pneumatic or hydraulic hand tool exports from Uzbekistan, accounting for a 72% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Tajikistan exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold. The third position in this ranking was taken by Kyrgyzstan (X kg), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to Tajikistan totaled +343.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Kyrgyzstan (0.0% per year).

In value terms, Tajikistan ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Uzbekistan, comprising 40% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by Kyrgyzstan, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tajikistan stood at +416.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Kyrgyzstan (0.0% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, increasing by 140% against the previous year. Overall, the export price enjoyed modest growth. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the 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 Italy ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+104.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Uzbekistan

After two years of growth, purchases abroad of pneumatic or hydraulic hand tools decreased by -6.7% to X tons in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 81%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 79% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Uzbekistan, with a 44% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Russia (X tons) ranked third in terms of total imports with a 4.4% share.

From 2017 to 2021, the average annual growth rate of volume from China amounted to +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+25.6% per year) and Russia (-17.0% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Uzbekistan, comprising 32% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 6.5% share.

From 2017 to 2021, the average annual growth rate of value from China stood at +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+36.2% per year) and the Netherlands (+22.0% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, increasing by 35% against the previous year. Over the last four-year period, it increased at an average annual rate of +7.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+51.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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