Central Asia: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Central Asia

The Central Asian synthetic latex rubber market dropped to $X in 2021, reducing by -6.4% against the previous year. In general, consumption continues to indicate a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Synthetic Latex Rubber Production in Central Asia

In value terms, synthetic latex rubber production shrank to $X in 2021 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 23%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Synthetic Latex Rubber Exports

Exports in Central Asia

Synthetic latex rubber exports soared to X tons in 2021, with an increase of 101% against the year before. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 170%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, synthetic latex rubber exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Uzbekistan (X tons), together reaching 99% of total export.

Uzbekistan was also the fastest-growing in terms of the synthetic latex rubber exports, with a CAGR of +75.4% from 2012 to 2021. While the share of Uzbekistan (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest synthetic latex rubber supplier in Central Asia.

In Uzbekistan, synthetic latex rubber exports expanded at an average annual rate of +107.9% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 73% against the previous year. In general, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2013 an increase of 337% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to +18.5% per year.

Synthetic Latex Rubber Imports

Imports in Central Asia

In 2021, approx. X tons of synthetic latex rubber were imported in Central Asia; increasing by 2.5% on the previous year's figure. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 188%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, synthetic latex rubber imports skyrocketed to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 163% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

In 2021, Uzbekistan (X tons) was the main importer of synthetic latex rubber, comprising 69% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 15% share, followed by Tajikistan (12%). The following importers - Turkmenistan (X tons) and Mongolia (X tons) - each accounted for a 4.4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to synthetic latex rubber imports into Uzbekistan stood at +23.1%. At the same time, Tajikistan (+35.9%), Kazakhstan (+11.9%) and Turkmenistan (+4.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +35.9% from 2012-2021. By contrast, Mongolia (-6.0%) illustrated a downward trend over the same period. While the share of Uzbekistan (+69 p.p.) and Tajikistan (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-10.9 p.p.), Mongolia (-30.4 p.p.) and Kazakhstan (-31.7 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported synthetic latex rubber in Central Asia, comprising 67% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 21% share of total imports. It was followed by Tajikistan, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled +29.2%. In the other countries, the average annual rates were as follows: Kazakhstan (+8.6% per year) and Tajikistan (+33.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 34% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($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 (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :