Uzbekistan: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Uzbekistan

The Uzbek rubber tube and pipe market expanded notably to $X in 2021, increasing by 10% 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 posted significant growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Uzbekistan

Rubber tube and pipe exports from Uzbekistan skyrocketed to X tons in 2021, growing by 215% on the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 530% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, rubber tube and pipe exports surged to $X in 2021. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X tons) was the main destination for rubber tube and pipe exports from Uzbekistan, accounting for a 42% share of total exports. Moreover, rubber tube and pipe exports to Tajikistan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), twofold. The third position in this ranking was held by Kazakhstan (X tons), with a 13% share.

From 2017 to 2021, the average annual growth rate of volume to Tajikistan stood at +1,338.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+380.8% per year) and Kazakhstan (+117.8% per year).

In value terms, Tajikistan ($X) emerged as the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Uzbekistan, comprising 51% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total exports. It was followed by Russia, with a 7.2% share.

From 2017 to 2021, the average annual growth rate of value to Tajikistan stood at +3,071.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+84.4% per year) and Russia (+24.3% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, with an increase of 59% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+120.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Uzbekistan

In 2021, approx. X tons of tubes, pipes and hoses of vulcanized rubber were imported into Uzbekistan; surging by 36% compared with the year before. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 53%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports rose rapidly to $X in 2021. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 127% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Russia (X tons), South Korea (X tons) and China (X tons) were the main suppliers of rubber tube and pipe imports to Uzbekistan, together accounting for 81% of total imports. These countries were followed by Ukraine, Turkey, Belarus and India, which together accounted for a further 15%.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +67.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Uzbekistan, comprising 57% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports. It was followed by China, with an 8.1% share.

From 2017 to 2021, the average annual rate of growth in terms of value from South Korea stood at +75.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+32.2% per year) and China (+15.9% per year).

Import Prices by Country

In 2021, the average rubber tube and pipe import price amounted to $X per ton, which is down by -18.4% against the previous year. In general, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 66%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced remarkably in the following year.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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