Uzbekistan: Plastic Box Market 2024

Plastic Box Market Size in Uzbekistan

The Uzbek plastic box market surged to $X in 2022, jumping by 15% against the previous year. Overall, consumption, however, recorded a measured increase. Plastic box consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Box Production in Uzbekistan

In value terms, plastic box production declined slightly to $X in 2022 estimated in export price. In general, production saw a noticeable descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 5.3% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Plastic Box Exports

Exports from Uzbekistan

In 2022, shipments abroad of plastic boxes, cases, crates and similar packing articles decreased by -78.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 237%. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, plastic box exports reduced sharply to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 295% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Tajikistan (X tons) was the main destination for plastic box exports from Uzbekistan, with a 66% share of total exports. Moreover, plastic box exports to Tajikistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold.

From 2017 to 2022, the average annual growth rate of volume to Tajikistan stood at +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+13.9% per year) and Kyrgyzstan (-14.0% per year).

In value terms, Tajikistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X) appeared to be the largest markets for plastic box exported from Uzbekistan worldwide, together comprising 97% of total exports.

In terms of the main countries of destination, Tajikistan, with a CAGR of +48.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average plastic box export price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +7.6%. The growth pace was the most rapid in 2019 an increase of 19%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Kyrgyzstan ($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 Kazakhstan (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Box Imports

Imports into Uzbekistan

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were imported into Uzbekistan; jumping by 49% against the previous year's figure. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 376%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, plastic box imports stood at $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 313%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Russia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of plastic box imports to Uzbekistan, together accounting for 89% of total imports. Belarus, Iran and South Korea lagged somewhat behind, together accounting for a further 11%.

From 2017 to 2022, the biggest increases were recorded for Iran (with a CAGR of +727.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of plastic boxes, cases, crates and similar packing articles to Uzbekistan, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with a 20% share of total imports. It was followed by China, with an 18% share.

From 2017 to 2022, the average annual growth rate of value from Russia amounted to +193.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+87.9% per year) and China (+104.5% per year).

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, which is down by -29.9% against the previous year. Overall, the import price saw a mild slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 70%. As a result, import price reached the peak level of $X per ton, and then reduced markedly 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 South Korea ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+66.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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