Kazakhstan: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Kazakhstan

The Kazakh glass fibres and wool market surged to $X in 2022, growing by 324% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Glass Fibres And Glass Wool

Exports from Kazakhstan

In 2022, exports of glass fibres and glass wool from Kazakhstan surged to X tons, jumping by 51% on the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 192%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, glass fibres and wool exports soared to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 208%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for glass fibres and wool exports from Kazakhstan, accounting for a 89% share of total exports. Moreover, glass fibres and wool exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+59.5% per year) and Belarus (+117.4% per year).

In value terms, Russia ($X) remains the key foreign market for glass fibres and glass wool exports from Kazakhstan, comprising 87% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+95.0% per year) and Belarus (+113.6% per year).

Export Prices by Country

In 2022, the average glass fibres and wool export price amounted to $X per ton, growing by 9.7% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibres and wool export price increased by +72.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+22.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass Fibres And Glass Wool

Imports into Kazakhstan

In 2022, approx. X tons of glass fibres and glass wool were imported into Kazakhstan; jumping by 433% on the previous year. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibres and wool imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), China (X tons) and Kyrgyzstan (X tons) were the main suppliers of glass fibres and wool imports to Kazakhstan, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kyrgyzstan (with a CAGR of +321.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of glass fibres and glass wool to Kazakhstan, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by the United States, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and the United States (-6.9% per year).

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, declining by -37.8% against the previous year. In general, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 59%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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