Uzbekistan: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Uzbekistan

The Uzbek vulcanised rubber thread market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Thread Production in Uzbekistan

In value terms, vulcanised rubber thread production fell notably to $X in 2021 estimated in export price. In general, production saw a significant curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 52% against the previous year. Vulcanised rubber thread production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Uzbekistan

In 2021, exports of vulcanised rubber thread and cord from Uzbekistan dropped sharply to X kg, falling by -94% on the previous year. Over the period under review, exports saw a sharp shrinkage. Over the period under review, the exports reached the maximum at X kg in 2020, and then declined rapidly in the following year.

In value terms, vulcanised rubber thread exports declined markedly to $X in 2021. Overall, exports showed a dramatic slump. The exports peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

France (X kg) was the main destination for vulcanised rubber thread exports from Uzbekistan, accounting for a 77% share of total exports. Moreover, vulcanised rubber thread exports to France exceeded the volume sent to the second major destination, Austria (X kg), eightfold.

From 2020 to 2021, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Denmark (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for vulcanised rubber thread and cord exports from Uzbekistan, comprising 75% of total exports. The second position in the ranking was held by Austria ($X), with an 11% share of total exports.

From 2020 to 2021, the average annual rate of growth in terms of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Denmark (0.0% per year).

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, surging by 223% against the previous year. Overall, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Uzbekistan

In 2021, the amount of vulcanised rubber thread and cord imported into Uzbekistan surged to X tons, increasing by 24% compared with 2020. Over the period under review, total imports indicated a buoyant increase from 2017 to 2021: its volume increased at an average annual rate of +17.3% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.4% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, vulcanised rubber thread imports soared to $X in 2021. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber thread supplier to Uzbekistan, accounting for a 66% share of total imports. Moreover, vulcanised rubber thread imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 13% share.

From 2017 to 2021, the average annual growth rate of volume from China totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+19.4% per year) and Malaysia (+4.9% per year).

In value terms, China ($X) constituted the largest supplier of vulcanised rubber thread and cord to Uzbekistan, comprising 55% of total imports. The second position in the ranking was held by Turkey ($X), with a 23% share of total imports. It was followed by Malaysia, with a 17% share.

From 2017 to 2021, the average annual rate of growth in terms of value from China amounted to +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.4% per year) and Malaysia (+11.1% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, growing by 67% against the previous year. In general, import price indicated a resilient increase from 2017 to 2021: its price increased at an average annual rate of +6.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for China ($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 (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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