Central Asia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Central Asia

In 2021, after two years of decline, there was significant growth in the Central Asian market for prepared glues and other prepared adhesives, when its value increased by 9.7% to $X. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Central Asia

In value terms, production of prepared glues and other prepared adhesives rose remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Central Asia

In 2021, the amount of prepared glues and other prepared adhesives exported in Central Asia reduced to X tons, falling by -6.8% on 2020. In general, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 96% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives contracted sharply to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 145%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) and Kazakhstan (X tons) prevails in adhesives structure, together committing 96% of total exports. Uzbekistan (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kyrgyzstan (with a CAGR of +76.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X) constituted the countries with the highest levels of exports in 2021, together comprising 99% of total exports.

Kyrgyzstan, with a CAGR of +92.9%, 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 a decline in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, declining by -16.2% against the previous year. Overall, the export price showed a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 (+60.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Central Asia

For the fifth consecutive year, Central Asia recorded growth in supplies from abroad of prepared glues and other prepared adhesives, which increased by 7.5% to X tons in 2021. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by 54% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 49% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Mongolia (X tons) was the key importer of prepared glues and other prepared adhesives, generating 54% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 25% share, followed by Kyrgyzstan (11%) and Uzbekistan (5.7%). Tajikistan (X tons) and Turkmenistan (X tons) held a minor share of total imports.

Mongolia was also the fastest-growing in terms of the prepared glues and other prepared adhesives imports, with a CAGR of +38.5% from 2012 to 2021. At the same time, Kyrgyzstan (+22.3%), Tajikistan (+12.1%) and Kazakhstan (+6.7%) displayed positive paces of growth. By contrast, Turkmenistan (-9.1%) and Uzbekistan (-14.2%) illustrated a downward trend over the same period. While the share of Mongolia (+42 p.p.), Uzbekistan (+5.7 p.p.) and Kyrgyzstan (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-19.1 p.p.) and Kazakhstan (-30.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in Central Asia, comprising 47% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 22% share of total imports. It was followed by Mongolia, with a 20% share.

In Kazakhstan, imports of prepared glues and other prepared adhesives increased at an average annual rate of +8.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+18.8% per year) and Mongolia (+24.2% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+38.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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