Central Asia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Exports

Exports in Central Asia

After two years of decline, overseas shipments of erasers of vulcanised rubber increased by 12% to X tons in 2021. Over the period under review, exports showed a tangible increase. The growth pace was the most rapid in 2016 with an increase of 3,003%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. In general, exports continue to indicate temperate growth. The growth pace was the most rapid in 2016 with an increase of 2,689%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kyrgyzstan was the key exporting country with an export of around X tons, which reached 81% of total exports. Kazakhstan (X kg) ranks second in terms of the total exports with an 11% share, followed by Uzbekistan (8.1%).

Exports from Kyrgyzstan increased at an average annual rate of +45.0% from 2012 to 2021. At the same time, Uzbekistan (+324.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +324.2% from 2012-2021. By contrast, Kazakhstan (-17.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kyrgyzstan and Uzbekistan increased by +77 and +8.1 percentage points, respectively.

In value terms, the largest vulcanised rubber erases supplying countries in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together comprising 100% of total exports.

Uzbekistan, with a CAGR of +1,919.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, jumping by 35% against the previous year. In general, the export price, however, showed a mild slump. The pace of growth was the most pronounced in 2014 when the export price increased by 52% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($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 (+377.1%), while the other leaders experienced mixed trends in the export price figures.

Vulcanised Rubber Erases Imports

Imports in Central Asia

In 2021, imports of erasers of vulcanised rubber in Central Asia rose remarkably to X tons, picking up by 6.4% against 2020 figures. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 266%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of 208% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) represented roughly 78% of total imports in 2021. Kyrgyzstan (X tons) ranks next in terms of the total imports with an 11% share, followed by Tajikistan (8.3%). Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkmenistan (with a CAGR of +34.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported erasers of vulcanised rubber in Central Asia, comprising 61% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 23% share of total imports. It was followed by Tajikistan, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +4.7%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+7.8% per year) and Tajikistan (+20.6% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, surging by 22% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases import price decreased by -25.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 65%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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