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Report Central Asia - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Central Asia - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Acetic Acid Market 2024

Acetic Acid Market Size in Central Asia

For the fourth year in a row, the Central Asian acetic acid market recorded growth in sales value, which increased by 16% to $X in 2021. Over the period under review, consumption, however, recorded a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the near future.

Acetic Acid Production in Central Asia

In value terms, acetic acid production dropped to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 81% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Acetic Acid Exports

Exports in Central Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of acetic acid, when their volume increased by 6,368% to X tons. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, acetic acid exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Uzbekistan (X tons), together amounting to 99% of total export.

Uzbekistan was also the fastest-growing in terms of the acetic acid exports, with a CAGR of +38.7% from 2012 to 2021. While the share of Uzbekistan (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest acetic acid supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan amounted to +67.1%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, jumping by 48% against the previous year. In general, the export price, however, showed a slight descent. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to +20.5% per year.

Acetic Acid Imports

Imports in Central Asia

After two years of growth, supplies from abroad of acetic acid decreased by -22.1% to X tons in 2021. Overall, imports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2019 with an increase of 70%. The volume of import peaked at X tons in 2020, and then contracted markedly in the following year.

In value terms, acetic acid imports soared to $X in 2021. In general, imports, however, showed noticeable growth. The pace of growth was the most pronounced in 2019 when imports increased by 74% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Kazakhstan (X tons) was the main importer of acetic acid, achieving 57% of total imports. It was distantly followed by Turkmenistan (X tons), Uzbekistan (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons), together achieving a 38% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to acetic acid imports into Kazakhstan stood at +1.8%. At the same time, Uzbekistan (+48.9%), Mongolia (+8.0%), Kyrgyzstan (+7.3%) and Tajikistan (+4.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +48.9% from 2012-2021. By contrast, Turkmenistan (-3.5%) illustrated a downward trend over the same period. While the share of Uzbekistan (+9.3 p.p.), Kyrgyzstan (+2.7 p.p.) and Mongolia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-5.7 p.p.) and Turkmenistan (-8.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported acetic acid in Central Asia, comprising 59% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 10% share of total imports. It was followed by Turkmenistan, with a 9.3% share.

In Kazakhstan, acetic acid imports expanded at an average annual rate of +4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+68.8% per year) and Turkmenistan (-4.0% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, growing by 50% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mongolia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of acetic acid consumption was Uzbekistan, comprising approx. 80% of total volume. Moreover, acetic acid consumption in Uzbekistan exceeded the figures recorded by the second-largest consumer, Kazakhstan, sevenfold. Turkmenistan ranked third in terms of total consumption with a 3.9% share.
The country with the largest volume of acetic acid production was Uzbekistan, comprising approx. 100% of total volume.
In value terms, the largest acetic acid supplying countries in Central Asia were Kyrgyzstan, Uzbekistan and Kazakhstan, with a combined 100% share of total exports.
In value terms, Kazakhstan constitutes the largest market for imported acetic acid in Central Asia, comprising 51% of total imports. The second position in the ranking was occupied by Turkmenistan, with a 17% share of total imports. It was followed by Tajikistan, with a 12% share.
In 2021, the acetic acid export price in Central Asia amounted to $816 per ton, reducing by -12.4% against the previous year.
The acetic acid import price in Central Asia stood at $778 per ton in 2021, picking up by 12% against the previous year.

This report provides an in-depth analysis of the acetic acid market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20143271 - Acetic acid

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Central Asia, split by region and country
  • Trade (exports and imports) in Central Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Kazakhstan
    • Kyrgyzstan
    • Mongolia
    • Tajikistan
    • Turkmenistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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