Uzbekistan: Roller Bearing Market 2024

Roller Bearing Market Size in Uzbekistan

The Uzbek roller bearing market skyrocketed to $X in 2023, increasing by X% against 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). In general, consumption showed a significant expansion. Uzbekistan consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Roller Bearing Exports

Exports from Uzbekistan

In 2023, after two years of growth, there was significant decline in shipments abroad of roller bearings, when their volume decreased by X% to X kg. Over the period under review, exports, however, showed a slight expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X kg in 2022, and then dropped in the following year.

In value terms, roller bearing exports dropped to $X in 2023. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Germany (X tons), France (X tons), Singapore (X tons), Slovakia (X tons) and Italy (X tons), together mixing up a X% share of total exports. South Korea (X tons), the United States (X tons), Vietnam (X tons), the Netherlands (X tons), Turkey (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the roller bearings exports, with a CAGR of X% from 2017 to 2023. At the same time, the Netherlands (X%), Turkey (X%), Germany (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, Italy (X%), Taiwan (Chinese) (X%), Slovakia (X%), South Korea (X%), Hong Kong SAR (X%), Singapore (X%), France (X%) and the United States (X%) illustrated a downward trend over the same period. From 2017 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from Uzbekistan were China ($X), Germany ($X) and Italy ($X), with a combined X% share of total exports. The United States, Singapore, France, Vietnam, the Netherlands, Hong Kong SAR, Slovakia, Turkey, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Uzbekistan stood at $X per ton in 2023, increasing by X% against the previous year. Over the last six-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2017 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Uzbekistan

In 2023, the amount of roller bearings imported into Uzbekistan surged to X tons, with an increase of X% on the previous year. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. Uzbekistan imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, roller bearing imports skyrocketed to $X in 2023. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Uzbekistan imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Indonesia (X tons), followed by Thailand (X tons), India (X tons) and Germany (X tons) were the main importers of roller bearings, together creating X% of total imports. South Korea (X tons), Italy (X tons), Canada (X tons), Poland (X tons), Nigeria (X tons), France (X tons), Austria (X tons), Spain (X tons) and Malaysia (X tons) took a relatively small share of total imports.

From 2017 to 2023, the biggest increases were recorded for Nigeria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into Uzbekistan were Germany ($X), India ($X) and Indonesia ($X), with a combined X% share of total imports. Canada, Thailand, Poland, Italy, France, Malaysia, South Korea, Austria, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Uzbekistan amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2017 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform