Central Asia: Mineral Wool Market 2024

Mineral Wool Market Size in Central Asia

For the fourth consecutive year, the Central Asian mineral wool market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2014 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Mineral Wool Production in Central Asia

In value terms, mineral wool production reached $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Mineral Wool Exports

Exports in Central Asia

For the eighth year in a row, Central Asia recorded growth in overseas shipments of slag wool, rock wool and similar mineral wools and mixtures, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, mineral wool exports surged to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Kazakhstan was the major exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Uzbekistan (X tons), committing a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the slag wool, rock wool and similar mineral wools and mixtures exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest mineral wool supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($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

The export price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated modest growth 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, mineral wool export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Uzbekistan (X%).

Mineral Wool Imports

Imports in Central Asia

Mineral wool imports declined modestly to X tons in 2022, dropping by X% against 2021. Over the period under review, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, mineral wool imports expanded sharply to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Kyrgyzstan (X tons) ranks second in terms of the total imports with an X% share, followed by Uzbekistan (X%) and Mongolia (X%). Tajikistan (X tons) held a minor share of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Uzbekistan (X%), Tajikistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total imports, while Mongolia and Kazakhstan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported slag wool, rock wool and similar mineral wools and mixtures in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Kazakhstan, mineral wool 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: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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