Central Asia: Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size in Central Asia

The Central Asian vulcanised rubber thread market soared to $X in 2021, picking up by 19% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Vulcanised Rubber Thread Production in Central Asia

In value terms, vulcanised rubber thread production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 32% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports in Central Asia

In 2021, shipments abroad of vulcanised rubber thread and cord increased by 2.3% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 164%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vulcanised rubber thread exports totaled $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +9.4% against 2017 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 97%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Tajikistan (X tons) represented roughly 100% of total exports in 2021.

Tajikistan was also the fastest-growing in terms of the vulcanised rubber thread and cord exports, with a CAGR of +6.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X) also remains the largest vulcanised rubber thread supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Tajikistan amounted to +3.0%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Tajikistan amounted to -2.9% per year.

Vulcanised Rubber Thread Imports

Imports in Central Asia

In 2021, approx. X tons of vulcanised rubber thread and cord were imported in Central Asia; picking up by 3.8% compared with 2020 figures. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 526% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, vulcanised rubber thread imports soared to $X in 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 380% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Uzbekistan prevails in imports structure, reaching X tons, which was near 89% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), mixing up a 7.3% share of total imports. Turkmenistan (X tons) held a relatively small share of total imports.

Imports into Uzbekistan increased at an average annual rate of +17.3% from 2012 to 2021. At the same time, Turkmenistan (+67.2%) and Kazakhstan (+22.2%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +67.2% from 2012-2021. From 2012 to 2021, the share of Uzbekistan increased by +89 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported vulcanised rubber thread and cord in Central Asia, comprising 84% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan totaled +25.1%. In the other countries, the average annual rates were as follows: Kazakhstan (+21.1% per year) and Turkmenistan (+52.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, jumping by 35% against the previous year. In general, the import price, however, saw a noticeable shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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