
Uzbekistan - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends and Insights
Uzbekistan: Pig Iron Articles Market 2023
Pig Iron Articles Market Size in Uzbekistan
The Uzbek pig iron articles market soared to $X in 2021, growing by 75% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.
Pig Iron Articles Exports
Exports from Uzbekistan
In 2021, the amount of granules and powders of pig iron exported from Uzbekistan amounted to X tons, approximately reflecting the previous year. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.
In value terms, pig iron articles exports amounted to $X in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.
Exports by Country
Turkey (X tons) was the main destination for pig iron articles exports from Uzbekistan, accounting for a 86% share of total exports. Moreover, pig iron articles exports to Turkey exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), sixfold.
From 2021 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.
From 2021 to 2021, the average annual growth rate of value to Turkey was relatively modest.
Pig Iron Articles Imports
Imports into Uzbekistan
In 2021, pig iron articles imports into Uzbekistan soared to X tons, jumping by 48% on 2020 figures. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 2,680% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.
In value terms, pig iron articles imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 3,155%. Imports peaked in 2021 and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Russia (X tons) constituted the largest supplier of pig iron articles to Uzbekistan, with a 67% share of total imports. Moreover, pig iron articles imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 5.7% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +96.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+43.8% per year) and China (+50.5% per year).
In value terms, Russia ($X) constituted the largest supplier of granules and powders of pig iron to Uzbekistan, comprising 54% of total imports. The second position in the ranking was held by Ukraine ($X), with a 14% share of total imports. It was followed by Turkey, with an 11% share.
From 2012 to 2021, the average annual growth rate of value from Russia stood at +78.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+329.8% per year) and Turkey (+23.9% per year).
Import Prices by Country
The average pig iron articles import price stood at $X per ton in 2021, increasing by 37% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+451.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the pig iron articles market in Uzbekistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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