Uzbekistan: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Uzbekistan

The Uzbek vulcanised rubber seal market soared to $X in 2022, surging by 30% 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). In general, consumption continues to indicate a significant expansion. Vulcanised rubber seal consumption peaked in 2022 and is expected to retain growth in years to come.

Vulcanised Rubber Seal Exports

Exports from Uzbekistan

In 2022, overseas shipments of seals of vulcanised rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 95% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vulcanised rubber seal exports skyrocketed to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 65% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) was the main destination for vulcanised rubber seal exports from Uzbekistan, with a 50% share of total exports. Moreover, vulcanised rubber seal exports to Kyrgyzstan exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold. Turkmenistan (X tons) ranked third in terms of total exports with a 19% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan stood at +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+26.9% per year) and Turkmenistan (0.0% per year).

In value terms, the largest markets for vulcanised rubber seal exported from Uzbekistan were China ($X), Kyrgyzstan ($X) and Kazakhstan ($X), with a combined 69% share of total exports. Russia, Tajikistan, Armenia and Turkmenistan lagged somewhat behind, together comprising a further 19%.

Armenia, with a CAGR of +1,567.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber seal export price stood at $X per ton in 2022, growing by 42% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 60%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkmenistan ($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 Tajikistan (+154.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Uzbekistan

After two years of decline, overseas purchases of seals of vulcanised rubber increased by 24% to X tons in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 86%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber seal imports surged to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 121% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

South Korea (X tons), China (X tons) and Turkey (X tons) were the main suppliers of vulcanised rubber seal imports to Uzbekistan, together accounting for 85% of total imports. Mexico, Brazil and Russia lagged somewhat behind, together comprising a further 12%.

From 2017 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +154.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of seals of vulcanised rubber to Uzbekistan, comprising 39% of total imports. The second position in the ranking was held by Mexico ($X), with a 15% share of total imports. It was followed by China, with a 15% share.

From 2017 to 2022, the average annual rate of growth in terms of value from South Korea stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (0.0% per year) and China (+25.0% per year).

Import Prices by Country

The average vulcanised rubber seal import price stood at $X per ton in 2022, with an increase of 3.9% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2021 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 Russia (+74.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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