
Uzbekistan - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights
Uzbekistan: Market for Hot-Rolled Bars In Bearing Steels 2023
Market Size for Hot-Rolled Bars In Bearing Steels in Uzbekistan
The Uzbek hot-rolled bearing steel bar market fell slightly to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decline. Hot-rolled bearing steel bar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
Production of Hot-Rolled Bars In Bearing Steels in Uzbekistan
In value terms, hot-rolled bearing steel bar production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Imports of Hot-Rolled Bars In Bearing Steels
Imports into Uzbekistan
In 2022, purchases abroad of hot-rolled bars in bearing steels was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 121% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled bearing steel bar imports skyrocketed to $X in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2022, Russia (X tons) was the main supplier of hot-rolled bearing steel bar to Uzbekistan, with a 97% share of total imports. It was followed by China (X tons), with a 1.6% share of total imports.
From 2017 to 2022, the average annual growth rate of volume from Russia amounted to +36.1%.
In value terms, Russia ($X) constituted the largest supplier of hot-rolled bars in bearing steels to Uzbekistan, comprising 95% of total imports. The second position in the ranking was taken by China ($X), with a 2.1% share of total imports.
From 2017 to 2022, the average annual rate of growth in terms of value from Russia stood at +45.9%.
Import Prices by Country
The average hot-rolled bearing steel bar import price stood at $X per ton in 2022, growing by 12% against the previous year. Overall, import price indicated a tangible expansion from 2017 to 2022: its price increased at an average annual rate of +3.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled bearing steel bar import price increased by +66.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 48%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Russia amounted to $X per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar 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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