Central Asia: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Central Asia

In 2020, the Central Asian acyclic hydrocarbons market decreased by -X% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in Central Asia

In value terms, acyclic hydrocarbons production fell remarkably to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a pronounced decline. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2017 to 2020, production growth remained at a lower figure.

Production By Country in Central Asia

The country with the largest volume of acyclic hydrocarbons production was Kazakhstan (X tons), comprising approx. X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in Kazakhstan totaled +X%.

Acyclic Hydrocarbons Exports

Exports in Central Asia

In 2020, overseas shipments of acyclic hydrocarbons were finally on the rise to reach X tons for the first time since 2016, thus ending a three-year declining trend. Over the period under review, exports enjoyed a strong expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons exports surged to $X in 2020. Overall, exports saw prominent growth. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of acyclic hydrocarbons, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the acyclic hydrocarbons exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest acyclic hydrocarbons supplier in Central Asia.

From 2007 to 2020, the average annual growth rate of value in Kazakhstan stood at +X%.

Export Prices by Country

In 2020, the acyclic hydrocarbons export price in Central Asia amounted to $X per ton, falling by -X% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2019 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton, and then dropped significantly in the following year.

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

From 2007 to 2020, the rate of growth in terms of prices for Kazakhstan amounted to -X% per year.

Acyclic Hydrocarbons Imports

Imports in Central Asia

In 2020, overseas purchases of acyclic hydrocarbons decreased by -X% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2018 to 2020, the growth imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports contracted significantly to $X in 2020. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2018 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Mongolia was the main importing country with an import of around X tons, which recorded X% of total imports. Uzbekistan (X tons) took the second position in the ranking, followed by Kyrgyzstan (X tons), Turkmenistan (X tons), Tajikistan (X tons) and Kazakhstan (X tons). All these countries together took near X% share of total imports.

Imports into Mongolia increased at an average annual rate of +X% from 2007 to 2020. At the same time, Turkmenistan (+X%), Kyrgyzstan (+X%), Kazakhstan (+X%) and Uzbekistan (+X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +X% from 2007-2020. By contrast, Tajikistan (-X%) illustrated a downward trend over the same period. While the share of Turkmenistan (+X p.p.), Kyrgyzstan (+X p.p.), Uzbekistan (+X p.p.) and Kazakhstan (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Tajikistan (-X p.p.) and Mongolia (-X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X), Mongolia ($X) and Turkmenistan ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports.

Turkmenistan saw 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

In 2020, the acyclic hydrocarbons import price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Import price indicated a modest increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Uzbekistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uzbekistan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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