Central Asia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Central Asia

The Central Asian reclaimed rubber market stood at $X in 2023, growing by X% against the previous year. The total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Reclaimed Rubber Production in Central Asia

In value terms, reclaimed rubber production rose sharply to $X in 2023 estimated in export price. The total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Reclaimed Rubber Exports

Exports in Central Asia

In 2023, approx. X tons of reclaimed rubber were exported in Central Asia; waning by X% on the previous year. Over the period under review, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, reclaimed rubber exports fell rapidly to $X in 2023. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together accounting for X% of total export.

Kazakhstan was also the fastest-growing in terms of the reclaimed rubber exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest reclaimed rubber supplier in Central Asia.

In Kazakhstan, reclaimed rubber exports declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then shrank remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Reclaimed Rubber Imports

Imports in Central Asia

Reclaimed rubber imports rose slightly to X tons in 2023, increasing by X% against the year before. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports shrank to $X in 2023. Overall, imports enjoyed a moderate increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan was the key importing country with an import of around X tons, which amounted to X% of total imports. Tajikistan (X tons) took the second position in the ranking, distantly followed by Uzbekistan (X tons) and Turkmenistan (X tons). All these countries together took near X% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the reclaimed rubber imports, with a CAGR of X% from 2012 to 2023. At the same time, Mongolia (X%) displayed positive paces of growth. By contrast, Turkmenistan (X%), Tajikistan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Kazakhstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Turkmenistan (X p.p.) and Tajikistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported reclaimed rubber in Central Asia, comprising X% of total imports. The second position in the ranking was held by Tajikistan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan totaled X%. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform