Central Asia: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Central Asia

For the third year in a row, the Central Asian synthetic rubber market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Synthetic Rubber Production in Central Asia

In value terms, synthetic rubber production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Synthetic Rubber Exports

Exports in Central Asia

In 2022, shipments abroad of synthetic rubber increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, synthetic rubber exports surged to $X in 2022. Overall, exports posted a significant increase. 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 likely to see steady growth in years to come.

Exports by Country

In 2022, Kazakhstan (X tons) represented the main exporter of synthetic rubber, committing X% of total exports. It was distantly followed by Uzbekistan (X tons), generating a X% share of total exports.

Exports from Kazakhstan 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 exporter exported in Central Asia, with a CAGR of X% from 2012-2022. 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 ($X) emerged as the largest synthetic rubber supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an X% share of total exports.

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

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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 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%).

Synthetic Rubber Imports

Imports in Central Asia

In 2022, approx. X tons of synthetic rubber were imported in Central Asia; surging by X% against the year before. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. 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, synthetic rubber imports soared to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Uzbekistan represented the major importer of synthetic rubber in Central Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), generating a X% share of total imports. The following importers - Tajikistan (X tons) and Mongolia (X tons) - each amounted to an X% share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Mongolia (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Mongolia 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. Uzbekistan (X p.p.), Tajikistan (X p.p.) and Mongolia (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, Uzbekistan ($X) constitutes the largest market for imported synthetic rubber in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure 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 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 Tajikistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :