Central Asia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Central Asia

After four years of growth, the Central Asian reclaimed rubber market decreased by -2.2% to $X in 2021. The total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.3% against 2016 indices. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Reclaimed Rubber Production in Central Asia

In value terms, reclaimed rubber production dropped to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.6% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Reclaimed Rubber Exports

Exports in Central Asia

Reclaimed rubber exports fell markedly to X tons in 2021, waning by -52.1% against the year before. In general, exports recorded a dramatic downturn. The growth pace was the most rapid in 2016 with an increase of 300% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, reclaimed rubber exports dropped remarkably to $X in 2021. Overall, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 222%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) represented the largest exporter of reclaimed rubber in Central Asia, making up 100% of total export.

Kazakhstan was also the fastest-growing in terms of the reclaimed rubber exports, with a CAGR of -26.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan amounted to -24.0%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 6.9% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber export price increased by +76.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 28% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +3.8% per year.

Reclaimed Rubber Imports

Imports in Central Asia

In 2021, overseas purchases of reclaimed rubber increased by 3.4% to X tons, rising for the fourth year in a row after two years of decline. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, reclaimed rubber imports rose sharply to $X in 2021. In general, imports showed a noticeable expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 204% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan prevails in imports structure, reaching X tons, which was near 82% of total imports in 2021. It was distantly followed by Turkmenistan (X tons) and Uzbekistan (X tons), together committing a 14% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of +22.8% from 2012 to 2021. At the same time, Kyrgyzstan (+41.6%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +41.6% from 2012-2021. By contrast, Turkmenistan (-2.8%) and Uzbekistan (-9.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan, Uzbekistan and Kyrgyzstan increased by +62, +6.1 and +3.7 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported reclaimed rubber in Central Asia, comprising 65% of total imports. The second position in the ranking was held by Turkmenistan ($X), with a 15% share of total imports. It was followed by Uzbekistan, with a 12% share.

In Kazakhstan, reclaimed rubber imports expanded at an average annual rate of +12.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkmenistan (-6.3% per year) and Uzbekistan (-7.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, picking up by 9.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 98%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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