Central Asia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Central Asia

After two years of growth, the Central Asian saturated acyclic monocarboxylic acids market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then reduced modestly in the following year.

Production of Saturated Acyclic Monocarboxylic Acids in Central Asia

In value terms, saturated acyclic monocarboxylic acids production rose remarkably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Central Asia

In 2023, exports of saturated acyclic monocarboxylic acids in Central Asia shrank remarkably to X tons, waning by X% against the previous year. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports fell dramatically to $X in 2023. In general, exports saw a noticeable curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Kazakhstan (X tons) represented the major exporter of saturated acyclic monocarboxylic acids, making up X% of total exports. It was distantly followed by Uzbekistan (X tons), committing a X% share of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the saturated acyclic monocarboxylic acids exports, with a CAGR of X% from 2012 to 2023. Kyrgyzstan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest saturated acyclic monocarboxylic acids supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, saturated acyclic monocarboxylic acids exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Central Asia

In 2023, imports of saturated acyclic monocarboxylic acids in Central Asia soared to X tons, with an increase of X% on the year before. In general, imports posted strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, saturated acyclic monocarboxylic acids imports expanded sharply to $X in 2023. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

Uzbekistan represented the largest importer of saturated acyclic monocarboxylic acids in Central Asia, with the volume of imports recording X tons, which was near X% of total imports in 2023. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total imports. Kyrgyzstan (X tons) and Tajikistan (X tons) took a little share of total imports.

Uzbekistan was also the fastest-growing in terms of the saturated acyclic monocarboxylic acids imports, with a CAGR of X% from 2012 to 2023. At the same time, Tajikistan (X%), Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Tajikistan (X p.p.), Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported saturated acyclic monocarboxylic acids in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Uzbekistan, saturated acyclic monocarboxylic acids imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Uzbekistan ($X per ton), while Tajikistan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform