Central Asia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Central Asia

In 2022, the Central Asian unvulcanized rubber market increased by X% to $X, rising for the seventh year in a row after two years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Unvulcanized Rubber Production in Central Asia

In value terms, unvulcanized rubber production rose modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Unvulcanized Rubber Exports

Exports in Central Asia

In 2022, shipments abroad of unvulcanized rubber and articles thereof was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, unvulcanized rubber exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the key exporter of unvulcanized rubber and articles thereof in Central Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. 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 unvulcanized rubber and articles thereof exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. While the share of Kazakhstan (X p.p.) and Uzbekistan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to 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. In general, the export price, however, showed a relatively flat trend pattern. 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 hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 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%).

Unvulcanized Rubber Imports

Imports in Central Asia

Unvulcanized rubber imports amounted to X tons in 2022, with an increase of X% compared with the year before. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, unvulcanized rubber imports soared to $X in 2022. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together achieving X% of total imports. The following importers - Turkmenistan (X tons), Mongolia (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons) - each recorded an X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Mongolia ($X per ton), while Kyrgyzstan ($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 more modest paces of growth.

Source: IndexBox Platform

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