Uzbekistan: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Uzbekistan

The Uzbek plastic ornamental articles market expanded markedly to $X in 2022, with an increase of 5.9% 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 resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Plastic Ornamental Articles Exports

Exports from Uzbekistan

In 2022, the amount of statuettes and other ornamental articles of plastic exported from Uzbekistan surged to X tons, with an increase of 96% against 2021 figures. In general, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 97% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic ornamental articles exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 124% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Tajikistan (X tons) was the main destination for plastic ornamental articles exports from Uzbekistan, with a 93% share of total exports. Moreover, plastic ornamental articles exports to Tajikistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold.

From 2017 to 2022, the average annual growth rate of volume to Tajikistan amounted to +407.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-48.4% per year) and Kyrgyzstan (-39.7% per year).

In value terms, Tajikistan ($X) emerged as the key foreign market for statuettes and other ornamental articles of plastic exports from Uzbekistan, comprising 88% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.8% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Tajikistan amounted to +138.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-51.5% per year) and Kyrgyzstan (-38.6% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, declining by -34.5% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 14% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Kyrgyzstan ($X per ton), while the average price for exports to Tajikistan ($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 Kyrgyzstan (+1.9%), while the prices for the other major destinations experienced a decline.

Plastic Ornamental Articles Imports

Imports into Uzbekistan

In 2022, imports of statuettes and other ornamental articles of plastic into Uzbekistan soared to X tons, jumping by 35% against 2021 figures. Over the period under review, imports enjoyed a pronounced expansion. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plastic ornamental articles imports expanded markedly to $X in 2022. Overall, total imports indicated a prominent increase from 2017 to 2022: its value increased at an average annual rate of +13.4% 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 -4.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 54% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of plastic ornamental articles to Uzbekistan, accounting for a 91% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2017 to 2022, the average annual growth rate of volume from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+113.2% per year) and Iran (0.0% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Uzbekistan, comprising 82% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.6% share of total imports.

From 2017 to 2022, the average annual growth rate of value from China totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+113.4% per year) and Iran (0.0% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, shrinking by -17.9% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 57%. The import price peaked at $X per ton in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :