Uzbekistan: Iron Household Articles Market 2024

Iron Household Articles Market Size in Uzbekistan

The Uzbek iron household articles market surged to $X in 2023, rising 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 saw strong growth. Iron household articles consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Iron Household Articles Exports

Exports from Uzbekistan

In 2023, after six years of growth, there was significant decline in overseas shipments of table, kitchen or household articles and parts of iron, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2022, and then reduced dramatically in the following year.

In value terms, iron household articles exports contracted sharply to $X in 2023. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then dropped significantly in the following year.

Exports by Country

Azerbaijan (X tons) was the main destination for iron household articles exports from Uzbekistan, with a X% share of total exports. Moreover, iron household articles exports to Azerbaijan exceeded the volume sent to the second major destination, the UK (X tons), tenfold.

From 2017 to 2023, the average annual rate of growth in terms of volume to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Latvia (X% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for table, kitchen or household articles and parts of iron exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports.

From 2017 to 2023, the average annual growth rate of value to Azerbaijan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and the UK (X% per year).

Export Prices by Country

The average iron household articles export price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, saw strong growth. The growth pace was the most rapid in 2019 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 ton. From 2020 to 2023, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2017 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Uzbekistan

In 2023, the amount of table, kitchen or household articles and parts of iron imported into Uzbekistan surged to X tons, growing by X% against the previous year's figure. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, iron household articles imports surged to $X in 2023. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, China (X tons) constituted the largest iron household articles supplier to Uzbekistan, accounting for a X% share of total imports. Moreover, iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2017 to 2023, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2017 to 2023, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average iron household articles import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, import price indicated a strong expansion from 2017 to 2023: its price increased at an average annual rate of X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron household articles import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey amounted to $X per ton.

From 2017 to 2023, 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