Central Asia: Plastic Closure Market 2024

Plastic Closure Market Size in Central Asia

The Central Asian plastic closure market expanded to $X in 2022, with an increase of 4.9% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.1% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Plastic Closure Production in Central Asia

In value terms, plastic closure production rose modestly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 32%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Plastic Closure Exports

Exports in Central Asia

Plastic closure exports soared to X tons in 2022, jumping by 25% on 2021. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 69% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, plastic closure exports skyrocketed to $X in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 58%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, Kazakhstan (X tons) represented the main exporter of plastic stoppers, caps and closures, committing 86% of total exports. It was distantly followed by Uzbekistan (X tons), achieving a 12% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic closure exports from Kazakhstan stood at +6.0%. At the same time, Uzbekistan (+64.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +64.9% from 2012-2022. While the share of Uzbekistan (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-9.6 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest plastic closure supplier in Central Asia, comprising 81% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 16% share of total exports.

In Kazakhstan, plastic closure exports expanded at an average annual rate of +6.6% 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 24% against the previous year. Over the period under review, the export price continues to indicate slight growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.5%).

Plastic Closure Imports

Imports in Central Asia

Plastic closure imports surged to X tons in 2022, with an increase of 35% on 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, plastic closure imports surged to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) was the major importer of plastic stoppers, caps and closures, constituting 43% of total imports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Kyrgyzstan (X tons), Mongolia (X tons) and Turkmenistan (X tons). All these countries together held approx. 53% share of total imports. Tajikistan (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +21.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported plastic stoppers, caps and closures in Central Asia, comprising 49% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 24% share of total imports. It was followed by Mongolia, with a 12% share.

In Kazakhstan, plastic closure imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+21.6% per year) and Mongolia (+4.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, falling by -7.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 24% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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