Central Asia: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Central Asia

The Central Asian worked flat glass market expanded slightly to $X in 2021, with an increase of 4% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Worked Flat Glass Production in Central Asia

In value terms, worked flat glass production expanded modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Worked Flat Glass Exports

Exports in Central Asia

Worked flat glass exports soared to X tons in 2021, growing by 1,316% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 11,424% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, worked flat glass exports stood at $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 6,186%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Turkmenistan (X tons), together amounting to 99% of total export.

Turkmenistan was also the fastest-growing in terms of the worked flat glass exports, with a CAGR of +68.3% from 2012 to 2021. Turkmenistan (+98 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkmenistan ($X) also remains the largest worked flat glass supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Turkmenistan stood at -55.3%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, dropping by -92.8% against the previous year. Overall, the export price recorded a sharp reduction. The pace of growth was the most pronounced in 2015 an increase of 128% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkmenistan amounted to -73.4% per year.

Worked Flat Glass Imports

Imports in Central Asia

Worked flat glass imports declined to X tons in 2021, falling by -6.5% against the previous year's figure. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 784%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, worked flat glass imports dropped to $X in 2021. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 212%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Uzbekistan (X tons) was the major importer of worked flat glass, achieving 58% of total imports. Kazakhstan (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (12%). The following importers - Turkmenistan (X tons) and Kyrgyzstan (X tons) - together made up 5.8% of total imports.

From 2012 to 2021, average annual rates of growth with regard to worked flat glass imports into Uzbekistan stood at -41.0%. At the same time, Turkmenistan (+14.2%), Kyrgyzstan (+10.7%) and Tajikistan (+2.4%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +14.2% from 2012-2021. By contrast, Kazakhstan (-18.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan, Tajikistan and Turkmenistan increased by +58, +6 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest worked flat glass importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X), together comprising 82% of total imports. Turkmenistan and Kyrgyzstan lagged somewhat behind, together comprising a further 17%.

In terms of the main importing countries, Turkmenistan, with a CAGR of +15.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Turkmenistan ($X per ton), while Uzbekistan ($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 (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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