Central Asia: Plastic Headgear Market 2024

Plastic Headgear Market Size in Central Asia

After two years of decline, the Central Asian plastic headgear market increased by 6% to $X in 2022. In general, consumption posted a prominent increase. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Plastic Headgear Production in Central Asia

In value terms, plastic headgear production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 27,448%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Plastic Headgear Exports

Exports in Central Asia

In 2022, shipments abroad of headgear of rubber or plastic decreased by -27.3% to X units, falling for the fourth consecutive year after two years of growth. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 1,032% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, plastic headgear exports fell markedly to $X in 2022. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 1,207% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of headgear of rubber or plastic, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the headgear of rubber or plastic exports, with a CAGR of +11.5% from 2012 to 2022. While the share of Kazakhstan (+8.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest plastic headgear supplier in Central Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +8.7%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, declining by -7.2% against the previous year. Overall, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 136% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -2.5% per year.

Plastic Headgear Imports

Imports in Central Asia

In 2022, approx. X units of headgear of rubber or plastic were imported in Central Asia; with an increase of 10% on the previous year's figure. Overall, imports recorded a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 123% against the previous year. Over the period under review, imports hit record highs at X units in 2013; afterwards, it flattened through to 2022.

In value terms, plastic headgear imports rose notably to $X in 2022. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 174%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan prevails in imports structure, reaching X units, which was near 90% of total imports in 2022. It was distantly followed by Kyrgyzstan (X units), generating a 4.6% share of total imports. Mongolia (X units) and Uzbekistan (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic headgear imports into Kazakhstan stood at +2.7%. At the same time, Kyrgyzstan (+33.7%), Mongolia (+32.3%) and Uzbekistan (+15.7%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +33.7% from 2012-2022. While the share of Kyrgyzstan (+4.2 p.p.), Mongolia (+2.4 p.p.) and Uzbekistan (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-4.5 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported headgear of rubber or plastic in Central Asia, comprising 93% of total imports. The second position in the ranking was held by Mongolia ($X), with a 3.4% share of total imports. It was followed by Uzbekistan, with a 2.2% share.

In Kazakhstan, plastic headgear imports increased at an average annual rate of +8.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+30.7% per year) and Uzbekistan (+16.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, which is down by -4.2% against the previous year. Overall, the import price, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2019 when the import price increased by 35%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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