Uzbekistan: Binocular Market 2022

Binocular Market Size in Uzbekistan

In 2021, the Uzbek binocular market increased by 17% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Binocular Exports

Exports from Uzbekistan

In 2021, after five years of growth, there was significant decline in shipments abroad of binoculars, when their volume decreased by -23.1% to X units. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. As a result, the exports attained the peak of X units, and then declined remarkably in the following year.

In value terms, binocular exports fell rapidly to $X in 2021. Over the period under review, exports saw a slight decrease. The growth pace was the most rapid in 2020 with an increase of 83% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Portugal (X units) was the main destination for binocular exports from Uzbekistan, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Portugal was relatively modest.

In value terms, Portugal ($X) emerged as the key foreign market for binocular exports from Uzbekistan.

From 2014 to 2021, the average annual growth rate of value to Portugal was relatively modest.

Export Prices by Country

The average binocular export price stood at $X per unit in 2021, flattening at the previous year. Overall, the export price, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2014 to 2021, the rate of growth in terms of prices for Austria amounted to 0.0% per year.

Binocular Imports

Imports into Uzbekistan

In 2021, purchases abroad of binoculars increased by 48% to X units, rising for the third consecutive year after two years of decline. In general, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 363%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, binocular imports dropped significantly to $X in 2021. Overall, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2019 with an increase of 468%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest binocular supplier to Uzbekistan, accounting for a 72% share of total imports. Moreover, binocular imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fivefold. The third position in this ranking was taken by the United States (X units), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+78.8% per year) and the United States (+33.3% per year).

In value terms, China ($X), Russia ($X) and the United States ($X) were the largest binocular suppliers to Uzbekistan, with a combined 89% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +60.4%, 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 2021, the average binocular import price amounted to $X per unit, dropping by -47.7% against the previous year. Overall, the import price recorded a deep slump. The growth pace was the most rapid in 2018 an increase of 29%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+22.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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