Uzbekistan: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Uzbekistan

The Uzbek glass fibre and article market totaled $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Glass Fibres and Glass Fibre Articles in Uzbekistan

In value terms, glass fibre and article production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a mild downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Uzbekistan

Glass fibre and article exports from Uzbekistan dropped remarkably to X tons in 2022, shrinking by X% compared with the year before. In general, total exports indicated a remarkable increase from 2017 to 2022: its volume increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, glass fibre and article exports shrank significantly to $X in 2022. Over the period under review, total exports indicated prominent growth from 2017 to 2022: its value increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for glass fibre and article exports from Uzbekistan, accounting for a X% share of total exports. Moreover, glass fibre and article exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), fourfold.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Tajikistan (X% per year).

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

From 2017 to 2022, the average annual growth rate of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

In 2022, the average glass fibre and article export price amounted to $X per ton, increasing by X% against the previous year. Over the last five-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports into Uzbekistan

In 2022, after two years of decline, there was significant growth in supplies from abroad of glass fibres and glass fibre articles, when their volume increased by X% to X tons. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre and article imports soared to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of glass fibre and article imports to Uzbekistan, with a combined X% share of total imports.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre and article suppliers to Uzbekistan were China ($X), Russia ($X) and Turkey ($X), together comprising X% of total imports. Belarus and Japan lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre and article import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a strong increase from 2017 to 2022: its price increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre and article import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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