Uzbekistan: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Uzbekistan

The Uzbek extruded solid rubber rod market skyrocketed to $X in 2022, surging by 16% 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 enjoyed a prominent increase. Extruded solid rubber rod consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Uzbekistan

In 2022, the amount of extruded solid rubber rods and profiles exported from Uzbekistan skyrocketed to X tons, growing by 1,667% compared with the year before. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, extruded solid rubber rod exports soared to $X in 2022. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 613%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for extruded solid rubber rod exports from Uzbekistan, with a 63% share of total exports. Moreover, extruded solid rubber rod exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold.

From 2018 to 2022, the average annual growth rate of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (0.0% per year) and Russia (+127.8% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for extruded solid rubber rods and profiles exports from Uzbekistan, comprising 59% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 24% share of total exports.

From 2018 to 2022, the average annual growth rate of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (0.0% per year) and Russia (-33.5% per year).

Export Prices by Country

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, falling by -71.8% against the previous year. In general, the export price faced a precipitous slump. The pace of growth appeared the most rapid in 2021 a decrease of -20%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-70.8%).

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Uzbekistan

In 2022, overseas purchases of extruded solid rubber rods and profiles were finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a pronounced increase from 2017 to 2022: its volume increased at an average annual rate of +4.9% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 51% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, extruded solid rubber rod imports surged to $X in 2022. In general, total imports indicated a prominent increase from 2017 to 2022: its value increased at an average annual rate of +13.9% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.6% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of 45%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of extruded solid rubber rod to Uzbekistan, accounting for a 60% share of total imports. Moreover, extruded solid rubber rod imports from Turkey exceeded the figures recorded by the second-largest supplier, Belarus (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 6% share.

From 2017 to 2022, the average annual growth rate of volume from Turkey stood at +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-11.5% per year) and China (-14.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of extruded solid rubber rods and profiles to Uzbekistan, comprising 50% of total imports. The second position in the ranking was taken by Belarus ($X), with a 19% share of total imports. It was followed by Russia, with a 10% share.

From 2017 to 2022, the average annual growth rate of value from Turkey amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+0.5% per year) and Russia (+167.1% per year).

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, declining by -12.3% against the previous year. Overall, import price indicated a prominent expansion from 2017 to 2022: its price increased at an average annual rate of +8.5% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod import price increased by +54.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :