Uzbekistan: Twine And Cordage Market 2024

Twine And Cordage Market Size in Uzbekistan

The Uzbek twine and cordage market reduced modestly to $X in 2022, dropping by -3.2% against the previous year. In general, consumption continues to indicate a strong increase. As a result, consumption attained the peak level of $X, and then dropped modestly in the following year.

Twine And Cordage Production in Uzbekistan

In value terms, twine and cordage production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Twine And Cordage Exports

Exports from Uzbekistan

Twine and cordage exports from Uzbekistan skyrocketed to X tons in 2022, increasing by 27% on the previous year. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 182%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, twine and cordage exports soared to $X in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 107% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X tons), Tajikistan (X tons) and Kazakhstan (X tons) were the main destinations of twine and cordage exports from Uzbekistan, together comprising 95% of total exports.

From 2017 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +83.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Kyrgyzstan ($X) remains the key foreign market for twine, cordage, rope and cables exports from Uzbekistan, comprising 38% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 16% share of total exports. It was followed by Kazakhstan, with a 15% share.

From 2017 to 2022, the average annual growth rate of value to Kyrgyzstan totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+52.9% per year) and Kazakhstan (+33.0% per year).

Export Prices by Country

The average twine and cordage export price stood at $X per ton in 2022, waning by -8.5% against the previous year. In general, export price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of +10.4% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine and cordage export price increased by +26.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 52%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan ($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 Russia (+16.9%), while the prices for the other major destinations experienced mixed trend patterns.

Twine And Cordage Imports

Imports into Uzbekistan

Twine and cordage imports into Uzbekistan soared to X tons in 2022, surging by 114% against the previous year. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 186% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, twine and cordage imports soared to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 140% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of twine and cordage to Uzbekistan, accounting for a 50% share of total imports. Moreover, twine and cordage imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 13% share.

From 2017 to 2022, the average annual growth rate of volume from Turkey stood at +120.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.3% per year) and the Czech Republic (+307.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of twine, cordage, rope and cables to Uzbekistan, comprising 48% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 20% share of total imports. It was followed by China, with a 15% share.

From 2017 to 2022, the average annual growth rate of value from Turkey amounted to +115.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+238.1% per year) and China (+21.6% per year).

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, dropping by -31.3% against the previous year. Overall, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49%. As a result, import price attained the peak level of $X per ton, and then dropped rapidly in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+22.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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