Uzbekistan: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Uzbekistan

After two years of growth, the Uzbek vulcanised cellular rubber articles market decreased by -39.1% to $X in 2021. Overall, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Uzbekistan

In value terms, vulcanised cellular rubber articles production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Uzbekistan

After three years of decline, overseas shipments of vulcanised cellular rubber articles for technical uses increased by 134% to X kg in 2021. In general, exports, however, showed a significant curtailment. The growth pace was the most rapid in 2017 with an increase of 337% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports dropped remarkably to $X in 2021. Over the period under review, exports, however, faced a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 178% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan (X kg) was the main destination for vulcanised cellular rubber articles exports from Uzbekistan, with a 72% share of total exports. Moreover, vulcanised cellular rubber articles exports to Tajikistan exceeded the volume sent to the second major destination, Ukraine (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Tajikistan amounted to +2,088.2%.

In value terms, Ukraine ($X) remains the key foreign market for vulcanised cellular rubber articles for technical uses exports from Uzbekistan, comprising 78% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine stood at -28.4%.

Export Prices by Country

The average vulcanised cellular rubber articles export price stood at $X per ton in 2021, which is down by -66.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 423% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+13.2%).

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Uzbekistan

In 2021, after two years of growth, there was significant decline in supplies from abroad of vulcanised cellular rubber articles for technical uses, when their volume decreased by -78.5% to X tons. In general, imports showed a sharp slump. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, vulcanised cellular rubber articles imports declined sharply to $X in 2021. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2021, South Korea (X tons) constituted the largest vulcanised cellular rubber articles supplier to Uzbekistan, accounting for a 76% share of total imports. Moreover, vulcanised cellular rubber articles imports from South Korea exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fourfold.

From 2017 to 2021, the average annual growth rate of volume from South Korea stood at -27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+43.2% per year) and China (+33.2% per year).

In value terms, the largest vulcanised cellular rubber articles suppliers to Uzbekistan were South Korea ($X), Kazakhstan ($X) and China ($X), with a combined 95% share of total imports.

China, with a CAGR of +83.9%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, picking up by 38% against the previous year. In general, import price indicated strong growth from 2017 to 2021: its price increased at an average annual rate of +11.2% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised cellular rubber articles import price increased by +55.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :