Central Asia: Silicates Market 2024

Silicates Market Size in Central Asia

The Central Asian silicates market fell to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, saw modest growth. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Silicates Production in Central Asia

In value terms, silicates production contracted slightly to $X in 2023 estimated in export price. Overall, production, however, saw mild growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Silicates Exports

Exports in Central Asia

In 2023, overseas shipments of silicates, commercial alkali metal silicates decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, silicates exports fell significantly to $X in 2023. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Uzbekistan prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Kazakhstan (X tons), making up a X% share of total exports.

Uzbekistan was also the fastest-growing in terms of the silicates, commercial alkali metal silicates exports, with a CAGR of X% from 2012 to 2023. Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

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

In Uzbekistan, silicates exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Silicates Imports

Imports in Central Asia

In 2023, overseas purchases of silicates, commercial alkali metal silicates decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Total imports indicated a mild expansion from 2012 to 2023: its volume 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. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, silicates imports contracted to $X in 2023. In general, imports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Kazakhstan was the main importer of silicates, commercial alkali metal silicates in Central Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Tajikistan (X tons) took the second position in the ranking, followed by Uzbekistan (X tons), Mongolia (X tons) and Kyrgyzstan (X tons). All these countries together took near X% share of total imports. Turkmenistan (X tons) held a little share of total imports.

Imports into Kazakhstan decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Tajikistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Mongolia (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. Tajikistan (X p.p.), Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan, Mongolia and Kazakhstan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, increasing by X% against the previous year. Import price indicated a temperate expansion 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. Based on 2023 figures, silicates import price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform