Uzbekistan: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Uzbekistan

The Uzbek glass fibre fabrics market reached $X in 2022, leveling off at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Glass Fibre Fabrics Production in Uzbekistan

In value terms, glass fibre fabrics production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29% against the previous year. Glass fibre fabrics production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Uzbekistan

In 2022, exports of glass fibre fabrics from Uzbekistan soared to X tons, growing by 711% compared with the previous year's figure. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre fabrics exports reduced to $X in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 772% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Tajikistan (X tons) was the main destination for glass fibre fabrics exports from Uzbekistan, with a 98% share of total exports. It was followed by Russia (X kg), with a 1.6% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to Tajikistan stood at +256.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+17.3% per year) and Kyrgyzstan (+23.6% per year).

In value terms, Tajikistan ($X) emerged as the key foreign market for glass fibre fabrics exports from Uzbekistan, comprising 65% of total exports. The second position in the ranking was held by Russia ($X), with a 31% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of value to Tajikistan amounted to +353.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+109.9% per year) and Kyrgyzstan (+165.6% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, dropping by -88.6% against the previous year. Over the period under review, the export price saw a sharp decrease. The growth pace was the most rapid in 2021 an increase of 669% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+160.6%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into Uzbekistan

In 2022, glass fibre fabrics imports into Uzbekistan soared to X tons, rising by 99% against the previous year. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass fibre fabrics imports surged to $X in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 104% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre fabrics supplier to Uzbekistan, accounting for a 78% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold.

From 2017 to 2022, the average annual growth rate of volume from China totaled +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+30.8% per year) and Belarus (+81.5% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre fabrics to Uzbekistan, comprising 64% of total imports. The second position in the ranking was held by Russia ($X), with a 17% share of total imports.

From 2017 to 2022, the average annual growth rate of value from China stood at +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+52.6% per year) and Belarus (+71.3% per year).

Import Prices by Country

In 2022, the average glass fibre fabrics import price amounted to $X per ton, declining by -16.8% against the previous year. Over the period under review, import price indicated strong growth from 2017 to 2022: its price increased at an average annual rate of +6.1% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre fabrics import price increased by +4.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 35%. As a result, import price reached the peak level of $X per ton, and then shrank dramatically in the following year.

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 Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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