Central Asia: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Central Asia

In 2022, the Central Asian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, showed a mild reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Central Asia

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles declined slightly to $X in 2022 estimated in export price. Overall, production saw a slight curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

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Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports in Central Asia

In 2022, shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2022. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Uzbekistan (X tons) represented the major exporter of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, making up X% of total exports. Kyrgyzstan (X tons) took the second position in the ranking, distantly followed by Tajikistan (X tons) and Kazakhstan (X tons). All these countries together took approx. X% share of total exports.

Exports from Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Tajikistan experienced a relatively flat trend pattern. Uzbekistan (X p.p.), Kyrgyzstan (X p.p.) and Tajikistan (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, the largest glass fibre filament, roving, and staple glass fibre article supplying countries in Central Asia were Uzbekistan ($X), Kyrgyzstan ($X) and Kazakhstan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Kyrgyzstan, with a CAGR of X%, saw 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

In 2022, the export price in Central Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports in Central Asia

After two years of decline, overseas purchases of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2022. Total imports indicated a notable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the main importer of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in Central Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Uzbekistan (X tons) ranks second in terms of the total imports with a X% share, followed by Tajikistan (X%) and Mongolia (X%). Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tajikistan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Tajikistan ($X), together comprising X% of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Tajikistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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