Central Asia: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Central Asia

For the third consecutive year, the Central Asian unvulcanized rubber market recorded growth in sales value, which increased by 2.7% to $X in 2022. The total consumption indicated a resilient increase from 2012 to 2022: its value 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, consumption increased by +1.6% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Unvulcanized Rubber Production in Central Asia

In value terms, unvulcanized rubber production reached $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 -6.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 51%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports in Central Asia

Unvulcanized rubber exports skyrocketed to X tons in 2022, rising by 375% compared with 2021. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, unvulcanized rubber exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the largest exporting country with an export of around X tons, which accounted for 79% of total exports. Uzbekistan (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Tajikistan (5.9%).

Kazakhstan was also the fastest-growing in terms of the unvulcanized rubber and articles thereof exports, with a CAGR of +52.4% from 2012 to 2022. At the same time, Uzbekistan (+47.3%) and Tajikistan (+5.7%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by +59 and +15 percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest unvulcanized rubber supplier in Central Asia, comprising 88% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 8.8% share of total exports.

In Kazakhstan, unvulcanized rubber exports expanded at an average annual rate of +53.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+127.6% per year) and Tajikistan (+3.1% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, jumping by 28% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unvulcanized rubber export price increased by +100.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 56%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+54.5%), while the other leaders experienced mixed trends in the export price figures.

Unvulcanized Rubber Imports

Imports in Central Asia

In 2022, the amount of unvulcanized rubber and articles thereof imported in Central Asia rose markedly to X tons, surging by 10% compared with the year before. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 59%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, unvulcanized rubber imports soared to $X in 2022. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together achieving 88% of total imports. Mongolia (X tons), Turkmenistan (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), together accounting for 93% of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +34.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Turkmenistan ($X per ton), while Kyrgyzstan ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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