Uzbekistan: Plastic Closure Market 2024

Plastic Closure Market Size in Uzbekistan

The Uzbek plastic closure market skyrocketed to $X in 2022, picking up by 48% 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). Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Closure Exports

Exports from Uzbekistan

In 2022, approx. X tons of plastic stoppers, caps and closures were exported from Uzbekistan; increasing by 75% on 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 523%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, plastic closure exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 349% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Turkmenistan (X tons) was the main destination for plastic closure exports from Uzbekistan, accounting for a 76% share of total exports. Moreover, plastic closure exports to Turkmenistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. The third position in this ranking was taken by Tajikistan (X tons), with a 2.9% share.

From 2017 to 2022, the average annual growth rate of volume to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+103.7% per year) and Tajikistan (+16.3% per year).

In value terms, Turkmenistan ($X) emerged as the key foreign market for plastic stoppers, caps and closures exports from Uzbekistan, comprising 77% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 20% share of total exports. It was followed by Tajikistan, with a 1.1% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+112.4% per year) and Tajikistan (+2.5% per year).

Export Prices by Country

The average plastic closure export price stood at $X per ton in 2022, with an increase of 16% against the previous year. Overall, export price indicated a mild increase from 2017 to 2022: its price increased at an average annual rate of +1.5% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic closure export price decreased by -0.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 66%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Tajikistan ($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 (+4.3%), while the prices for the other major destinations experienced a decline.

Plastic Closure Imports

Imports into Uzbekistan

After two years of decline, overseas purchases of plastic stoppers, caps and closures increased by 96% to X tons in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic closure imports skyrocketed to $X in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest plastic closure supplier to Uzbekistan, accounting for a 71% share of total imports. Moreover, plastic closure imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. The third position in this ranking was held by Turkey (X tons), with a 6.1% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+5.5% per year) and Turkey (+39.9% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of plastic stoppers, caps and closures to Uzbekistan, comprising 61% of total imports. The second position in the ranking was held by Russia ($X), with a 16% share of total imports. It was followed by Turkey, with a 6.3% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Kazakhstan totaled +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+9.9% per year) and Turkey (+44.3% per year).

Import Prices by Country

The average plastic closure import price stood at $X per ton in 2022, falling by -26.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted dramatically 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 Belarus ($X per ton), while the price for Turkmenistan ($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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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