Uzbekistan: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Uzbekistan

In 2022, the Uzbek electric heating equipment market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Electric Heating Equipment Production in Uzbekistan

In value terms, electric heating equipment production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Electric heating equipment production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Electric Heating Equipment Exports

Exports from Uzbekistan

For the fourth consecutive year, Uzbekistan recorded growth in overseas shipments of electric space heating apparatus and soil heating apparatus, which increased by X% to X units in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Tajikistan (X units) was the main destination for electric heating equipment exports from Uzbekistan, accounting for a X% share of total exports. It was followed by Kyrgyzstan (X units), with a X% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Tajikistan amounted to X%.

In value terms, Tajikistan ($X) emerged as the key foreign market for electric space heating apparatus and soil heating apparatus exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Tajikistan totaled X%.

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price faced a sharp decline. The most prominent rate of growth was recorded in 2021 when the average export price decreased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, 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 Kyrgyzstan ($X per unit), while the average price for exports to Tajikistan stood at $X per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%).

Electric Heating Equipment Imports

Imports into Uzbekistan

In 2022, overseas purchases of electric space heating apparatus and soil heating apparatus decreased by X% to X units, falling for the third consecutive year after four years of growth. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electric heating equipment imports skyrocketed to $X in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), South Korea (X units) and Russia (X units) were the main suppliers of electric heating equipment imports to Uzbekistan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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