Central Asia: Glass Closure Market 2024

Glass Closure Market Size in Central Asia

The Central Asian glass closure market surged to $X in 2022, growing by X% against the previous year. Overall, consumption showed a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glass Closure Production in Central Asia

In value terms, glass closure production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Glass Closure Exports

Exports in Central Asia

In 2022, shipments abroad of glass stoppers, lids and other closures increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports continue to indicate mild growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass closure exports skyrocketed to $X in 2022. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Kazakhstan dominates exports structure, recording X tons, which was near X% of total exports in 2022. Uzbekistan (X kg) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the glass stoppers, lids and other closures exports, with a CAGR of X% from 2012 to 2022. Uzbekistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

In value terms, Kazakhstan ($X) remains the largest glass closure supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Glass Closure Imports

Imports in Central Asia

In 2022, overseas purchases of glass stoppers, lids and other closures increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, glass closure imports skyrocketed to $X in 2022. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Tajikistan (X tons) was the major importer of glass stoppers, lids and other closures, making up X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%).

Imports into Tajikistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. Tajikistan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Tajikistan ($X) constitutes the largest market for imported glass stoppers, lids and other closures in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total imports.

In Tajikistan, glass closure imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, waning by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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