Central Asia: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Central Asia

The Central Asian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles reduced slightly to $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Central Asia

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 33% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports in Central Asia

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 114% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 5,120%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Over the period under review, exports showed modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by 400%. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan dominates articles structure, resulting at X tons, which was approx. 96% of total exports in 2021. Kyrgyzstan (X tons) took a minor share of total exports.

Exports from Uzbekistan increased at an average annual rate of +12.4% from 2012 to 2021. At the same time, Kyrgyzstan (+57.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +57.4% from 2012-2021. While the share of Uzbekistan (+95 p.p.) and Kyrgyzstan (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest glass fibre filament, roving, and staple glass fibre article supplier in Central Asia, comprising 93% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan totaled +23.0%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, with an increase of 33% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of 192% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.5%).

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports in Central Asia

In 2021, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles decreased by -9.3% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 77%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles rose modestly to $X in 2021. In general, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when imports increased by 69%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the key importing country with an import of around X tons, which finished at 65% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 24% share, followed by Mongolia (5.5%). The following importers - Turkmenistan (X tons) and Tajikistan (X tons) - each recorded a 4.4% share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles. At the same time, Uzbekistan (+7.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +7.8% from 2012-2021. By contrast, Tajikistan (-1.1%), Turkmenistan (-13.1%) and Mongolia (-20.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Kazakhstan increased by +24 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported glass fibre filaments, rovings, chopped strands, and staple glass fibre articles in Central Asia, comprising 68% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 23% share of total imports. It was followed by Mongolia, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at -1.6%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+8.3% per year) and Mongolia (-22.2% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, growing by 16% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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 Tajikistan ($X per ton), while Mongolia ($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 (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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