Uzbekistan: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2023

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Uzbekistan

The Uzbek market for electrical lighting or visual signaling equipment for motor vehicles and cycles dropped to $X in 2021, waning by -14.9% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Uzbekistan

In value terms, lighting equipment for motor vehicles production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +21.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 57%. Lighting equipment for motor vehicles production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Uzbekistan

Lighting equipment for motor vehicles exports from Uzbekistan surged to X units in 2021, jumping by 52% compared with 2020. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 610%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, lighting equipment for motor vehicles exports surged to $X in 2021. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,170% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Russia (X units) was the main destination for lighting equipment for motor vehicles exports from Uzbekistan, with a 95% share of total exports. Moreover, lighting equipment for motor vehicles exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold.

From 2017 to 2021, the average annual rate of growth in terms of volume to Russia totaled +232.7%.

In value terms, Russia ($X) remains the key foreign market for electrical lighting or visual signaling equipment for motor vehicles and cycles exports from Uzbekistan, comprising 99% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 0.7% share of total exports.

From 2017 to 2021, the average annual growth rate of value to Russia totaled +269.8%.

Export Prices by Country

The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2021, declining by -16.8% against the previous year. Over the period under review, export price indicated a strong increase from 2017 to 2021: its price increased at an average annual rate of +7.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lighting equipment for motor vehicles export price decreased by -25.6% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 79%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Ukraine totaled $X per unit.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Uzbekistan

In 2021, overseas purchases of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by -62.3% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 181%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles imports shrank to $X in 2021. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 178% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lighting equipment for motor vehicles to Uzbekistan, accounting for a 34% share of total imports. Moreover, lighting equipment for motor vehicles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was taken by South Korea (X units), with an 11% share.

From 2017 to 2021, the average annual growth rate of volume from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.2% per year) and South Korea (+20.4% per year).

In value terms, China ($X), South Korea ($X) and Turkey ($X) appeared to be the largest lighting equipment for motor vehicles suppliers to Uzbekistan, with a combined 65% share of total imports.

South Korea, with a CAGR of +73.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2021, jumping by 127% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+44.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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