Uzbekistan: Loading Machinery Market 2024

Loading Machinery Market Size in Uzbekistan

The Uzbek loading machinery market soared to $X in 2022, growing by X% 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). In general, consumption posted strong growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Loading Machinery Exports

Exports from Uzbekistan

In 2022, shipments abroad of lifting, handling, loading or unloading machinery was finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, loading machinery exports fell to $X in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Tajikistan (X units) was the main destination for loading machinery exports from Uzbekistan, accounting for a X% share of total exports. Moreover, loading machinery exports to Tajikistan exceeded the volume sent to the second major destination, Kazakhstan (X units), threefold. Azerbaijan (X units) ranked third in terms of total exports with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Tajikistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Azerbaijan (X% per year).

In value terms, the largest markets for loading machinery exported from Uzbekistan were Azerbaijan ($X), Russia ($X) and Kazakhstan ($X), together accounting for X% of total exports. Tajikistan lagged somewhat behind, accounting for a further X%.

In terms of the main countries of destination, Tajikistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average loading machinery export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Tajikistan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Uzbekistan

In 2022, approx. X units of lifting, handling, loading or unloading machinery were imported into Uzbekistan; growing by X% on 2021. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, loading machinery imports skyrocketed to $X in 2022. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loading machinery to Uzbekistan, with a X% share of total imports. Moreover, loading machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2017 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and South Korea (X% per year).

In value terms, the largest loading machinery suppliers to Uzbekistan were Turkey ($X), China ($X) and Italy ($X), together accounting for X% of total imports. Germany, Russia, South Korea and Kazakhstan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average loading machinery import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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