Uzbekistan: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Uzbekistan

In 2021, the Uzbek synthetic filament tow market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a mild reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Synthetic Filament Tow Production in Uzbekistan

In value terms, synthetic filament tow production rose markedly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Synthetic Filament Tow Exports

Exports from Uzbekistan

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed increased by 17% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 5,861%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, synthetic filament tow exports soared to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 3,146% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for synthetic filament tow exports from Uzbekistan, accounting for a 82% share of total exports. Moreover, synthetic filament tow exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), tenfold. Kazakhstan (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+19.9% per year) and Kazakhstan (+23.6% per year).

In value terms, Russia ($X) remains the key foreign market for synthetic filament tow exports from Uzbekistan, comprising 85% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 5.9% share of total exports. It was followed by Kyrgyzstan, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+33.9% per year) and Kyrgyzstan (+22.6% per year).

Export Prices by Country

In 2021, the average synthetic filament tow export price amounted to $X per ton, surging by 66% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Turkey ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Uzbekistan

In 2021, approx. X tons of synthetic filament tow and staple fibers, not carded or combed were imported into Uzbekistan; surging by 7% compared with the previous year. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 123% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, synthetic filament tow imports soared to $X in 2021. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 119%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest synthetic filament tow supplier to Uzbekistan, accounting for a 56% share of total imports. Moreover, synthetic filament tow imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by India (X tons), with a 12% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from China totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+31.2% per year) and India (+4,942.3% per year).

In value terms, China ($X), Turkey ($X) and South Korea ($X) appeared to be the largest synthetic filament tow suppliers to Uzbekistan, with a combined 86% share of total imports. India lagged somewhat behind, accounting for a further 10%.

India, with a CAGR of +5,504.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average synthetic filament tow import price amounted to $X per ton, picking up by 23% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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