Central Asia: Glass Closure Market 2024

Glass Closure Market Size in Central Asia

The Central Asian glass closure market contracted modestly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Glass Closure Production in Central Asia

In value terms, glass closure production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a strong increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Glass Closure Exports

Exports in Central Asia

In 2022, overseas shipments of glass stoppers, lids and other closures increased by 330% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports continue to indicate slight growth. The most prominent rate of growth was recorded in 2016 when exports increased by 5,469%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass closure exports soared to $X in 2022. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 4,028%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Kazakhstan prevails in exports structure, resulting at X tons, which was approx. 97% of total exports in 2022. Uzbekistan (X kg) took a relatively small share of total exports.

Kazakhstan was also the fastest-growing in terms of the glass stoppers, lids and other closures exports, with a CAGR of +1.2% from 2012 to 2022. Uzbekistan (-18.2%) illustrated a downward trend over the same period. While the share of Uzbekistan (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-3.4 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest glass closure supplier in Central Asia, comprising 97% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 2.9% share of total exports.

In Kazakhstan, glass closure exports expanded at an average annual rate of +15.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, surging by 27% against the previous year. In general, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 146% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+14.2%).

Glass Closure Imports

Imports in Central Asia

In 2022, the amount of glass stoppers, lids and other closures imported in Central Asia dropped markedly to X tons, falling by -24.4% against 2021 figures. Overall, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 215%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, glass closure imports contracted to $X in 2022. In general, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of 164% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) dominates imports structure, together generating 93% of total imports. The following importers - Kyrgyzstan (X tons) and Mongolia (X tons) - each reached a 5.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +223.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X) were the countries with the highest levels of imports in 2022, with a combined 96% share of total imports.

Uzbekistan, with a CAGR of +229.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, with an increase of 14% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass closure import price increased by +103.4% against 2017 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 33% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+14.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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