Central Asia: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Central Asia

In 2022, the Central Asian glass fibre and article market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Glass Fibres and Glass Fibre Articles in Central Asia

In value terms, glass fibre and article production fell modestly to $X in 2022 estimated in export price. Overall, production showed a slight decline. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Central Asia

In 2022, the amount of glass fibres and glass fibre articles exported in Central Asia fell to X tons, waning by X% on the previous year. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, glass fibre and article exports stood at $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Uzbekistan prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Kazakhstan (X tons) held the second position in the ranking, followed by Tajikistan (X tons). All these countries together held near X% share of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Exports from Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Tajikistan (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. Uzbekistan (X p.p.), Tajikistan (X p.p.) and Kyrgyzstan (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 and article supplying countries in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X), with a combined X% share of total exports.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Kazakhstan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glass Fibres and Glass Fibre Articles

Imports in Central Asia

In 2022, overseas purchases of glass fibres and glass fibre articles were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated a perceptible expansion from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, glass fibre and article imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) was the key importer of glass fibres and glass fibre articles, achieving X% of total imports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Kyrgyzstan (X tons), Mongolia (X tons), Turkmenistan (X tons) and Tajikistan (X tons). All these countries together took approx. X% share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of glass fibres and glass fibre articles. At the same time, Uzbekistan (X%), Tajikistan (X%), Kyrgyzstan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Mongolia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan, Tajikistan and Kyrgyzstan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported glass fibres and glass fibre articles in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a perceptible decrease. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :