Uzbekistan: Aluminium Bar Market 2024

Aluminium Bar Market Size in Uzbekistan

For the third consecutive year, the Uzbek aluminium bar market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a resilient increase. Aluminium bar consumption peaked in 2022 and is likely to continue growth in the immediate term.

Aluminium Bar Production in Uzbekistan

In value terms, aluminium bar production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Aluminium bar production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Aluminium Bar Exports

Exports from Uzbekistan

In 2022, approx. X tons of aluminium bars, rods and profiles were exported from Uzbekistan; growing by X% against 2021 figures. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminium bar exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Lithuania (X tons), Kyrgyzstan (X tons) and Kazakhstan (X tons) were the main destinations of aluminium bar exports from Uzbekistan, with a combined X% share of total exports. Russia, Turkey, Ukraine and Canada lagged somewhat behind, together comprising a further X%.

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

In value terms, Lithuania ($X), Kyrgyzstan ($X) and Kazakhstan ($X) were the largest markets for aluminium bar exported from Uzbekistan worldwide, together comprising X% of total exports. Russia, Turkey, Ukraine and Canada lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 aluminium bar export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium bar export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and Kazakhstan ($X per ton), while the average price for exports to Canada ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Aluminium Bar Imports

Imports into Uzbekistan

In 2022, approx. X tons of aluminium bars, rods and profiles were imported into Uzbekistan; with an increase of X% against 2021 figures. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aluminium bar imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Tajikistan (X tons) constituted the largest aluminium bar supplier to Uzbekistan, accounting for a X% share of total imports. Moreover, aluminium bar imports from Tajikistan exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Tajikistan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and China (X% per year).

In value terms, the largest aluminium bar suppliers to Uzbekistan were Tajikistan ($X), Russia ($X) and Kazakhstan ($X), together comprising X% of total imports.

Among the main suppliers, Tajikistan, with a CAGR of X%, 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 aluminium bar import price amounted to $X per ton, which is down by X% against the previous year. Overall, import price indicated a perceptible increase from 2017 to 2022: its price increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium bar import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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

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

Source: IndexBox Platform

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