Uzbekistan: Ignition Coil Market 2023

Ignition Coil Market Size in Uzbekistan

In 2021, the Uzbek ignition coil market decreased by -19.8% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, showed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020, and then contracted sharply in the following year.

Ignition Coil Exports

Exports from Uzbekistan

In 2021, the amount of distributors and ignition coils exported from Uzbekistan surged to X units, jumping by 257% against 2020 figures. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ignition coil exports surged to $X in 2021. Overall, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X units) was the main destination for ignition coil exports from Uzbekistan, accounting for a 41% share of total exports. Moreover, ignition coil exports to Kyrgyzstan exceeded the volume sent to the second major destination, Kazakhstan (X units), threefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 10% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan stood at +160.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+55.3% per year) and the United Arab Emirates (+71.1% per year).

In value terms, Kyrgyzstan ($X), Kazakhstan ($X) and the United Arab Emirates ($X) were the largest markets for ignition coil exported from Uzbekistan worldwide, together comprising 68% of total exports. Ukraine, Azerbaijan, Russia and China lagged somewhat behind, together comprising a further 29%.

Azerbaijan, with a CAGR of +119.4%, 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

In 2021, the average ignition coil export price amounted to $X per unit, falling by -37.5% against the previous year. Overall, the export price recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 a decrease of -8.7% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-5.0%), while the prices for the other major destinations experienced a decline.

Ignition Coil Imports

Imports into Uzbekistan

In 2021, after four years of growth, there was significant decline in purchases abroad of distributors and ignition coils, when their volume decreased by -56.8% to X units. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 55%. Imports peaked at X units in 2020, and then shrank markedly in the following year.

In value terms, ignition coil imports shrank significantly to $X in 2021. Overall, total imports indicated strong growth from 2017 to 2021: its value increased at an average annual rate of +14.7% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 59%. Imports peaked at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ignition coil to Uzbekistan, with a 87% share of total imports. Moreover, ignition coil imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2017 to 2021, the average annual rate of growth in terms of volume from China stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-19.6% per year) and Russia (-16.2% per year).

In value terms, China ($X) constituted the largest supplier of distributors and ignition coils to Uzbekistan, comprising 93% of total imports. The second position in the ranking was taken by South Korea ($X), with a 1.7% share of total imports.

From 2017 to 2021, the average annual growth rate of value from China totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-13.2% per year) and Russia (+4.2% per year).

Import Prices by Country

In 2021, the average ignition coil import price amounted to $X per unit, rising by 86% against the previous year. In general, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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