Uzbekistan: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Uzbekistan

The Uzbek unvulcanized rubber market shrank modestly to $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.0% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Unvulcanized Rubber Production in Uzbekistan

In value terms, unvulcanized rubber production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 39%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports from Uzbekistan

In 2022, the amount of unvulcanized rubber and articles thereof exported from Uzbekistan soared to X tons, increasing by 857% on the previous year. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 2,271% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, unvulcanized rubber exports soared to $X in 2022. 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

Azerbaijan (X tons) was the main destination for unvulcanized rubber exports from Uzbekistan, accounting for a 57% share of total exports. Moreover, unvulcanized rubber exports to Azerbaijan exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a 14% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Azerbaijan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+117.6% per year) and Kyrgyzstan (+13.4% per year).

In value terms, Azerbaijan ($X) emerged as the key foreign market for unvulcanized rubber and articles thereof exports from Uzbekistan, comprising 69% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 17% share of total exports. It was followed by Kyrgyzstan, with a 7.2% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Azerbaijan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+198.0% per year) and Kyrgyzstan (+89.2% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, increasing by 44% against the previous year. In general, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 1,171% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 Kyrgyzstan (+66.9%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Uzbekistan

In 2022, unvulcanized rubber imports into Uzbekistan amounted to X tons, increasing by 1.5% on 2021 figures. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, unvulcanized rubber imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 129%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest unvulcanized rubber supplier to Uzbekistan, with a 48% share of total imports. Moreover, unvulcanized rubber imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 9.5% share.

From 2017 to 2022, the average annual growth rate of volume from Russia amounted to +46.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.0% per year) and South Korea (+81.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of unvulcanized rubber and articles thereof to Uzbekistan, comprising 39% of total imports. The second position in the ranking was taken by Russia ($X), with a 16% share of total imports. It was followed by Turkey, with a 14% share.

From 2017 to 2022, the average annual growth rate of value from South Korea stood at +110.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+29.8% per year) and Turkey (+34.9% per year).

Import Prices by Country

The average unvulcanized rubber import price stood at $X per ton in 2022, rising by 32% against the previous year. Overall, import price indicated a temperate increase from 2017 to 2022: its price increased at an average annual rate of +4.4% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unvulcanized rubber import price increased by +95.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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