Central Asia: Alcohols Market 2021

Alcohols Market Size in Central Asia

The Central Asian alcohols market shrank modestly to $X in 2020, waning by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Central Asia

In value terms, alcohols production fell modestly to $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in Central Asia

The countries with the highest volumes of alcohols production in 2020 were Uzbekistan (X tons), Tajikistan (X tons) and Turkmenistan (X tons).

From 2007 to 2020, the biggest increases were in Turkmenistan, while alcohols production for the other leaders experienced more modest paces of growth.

Alcohols Exports

Exports in Central Asia

After two years of decline, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% to X tons in 2020. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, alcohols exports soared to $X in 2020. In general, exports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Kazakhstan dominates alcohols exports structure, resulting at X tons, which was near X% of total exports in 2020. It was distantly followed by Uzbekistan (X tons), making up an X% share of total exports. Mongolia (X tons) took a minor share of total exports.

Kazakhstan was also the fastest-growing in terms of the alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports, with a CAGR of +X% from 2007 to 2020. Mongolia (-X%) and Uzbekistan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Kazakhstan increased by +X% percentage points, while Uzbekistan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Kazakhstan amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (-X% per year) and Mongolia (-X% per year).

Export Prices by Country

The alcohols export price in Central Asia stood at $X per ton in 2020, surging by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($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 export price figures.

Alcohols Imports

Imports in Central Asia

After three years of growth, purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons in 2020. Over the period under review, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. The volume of import peaked at X tons in 2019, and then contracted in the following year.

In value terms, alcohols imports fell rapidly to $X in 2020. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019, and then dropped markedly in the following year.

Imports by Country

Kazakhstan represented the main importer of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives in Central Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2020. It was distantly followed by Uzbekistan (X tons), mixing up a X% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to alcohols imports into Kazakhstan stood at +X%. At the same time, Uzbekistan (+X%) and Mongolia (+X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +X% from 2007-2020. While the share of Uzbekistan (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Mongolia (-X p.p.) and Kazakhstan (-X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

Uzbekistan saw the highest rates of growth with regard to the value of imports, among 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 alcohols import price in Central Asia amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2011 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the 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 Mongolia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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