Central Asia: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Central Asia

The Central Asian amine-function compounds market totaled $X in 2021, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Amine-Function Compounds Production in Central Asia

In value terms, amine-function compounds production amounted to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.4% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 44% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Amine-Function Compounds Exports

Exports in Central Asia

In 2021, approx. X tons of amine-function compounds were exported in Central Asia; declining by -35.3% against 2020 figures. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 107% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, amine-function compounds exports shrank markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) represented the major exporter of amine-function compounds, generating 72% of total exports. It was distantly followed by Kyrgyzstan (X tons), mixing up a 28% share of total exports.

Kazakhstan was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of -6.4% from 2012 to 2021. Kyrgyzstan (-39.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan increased by +68 percentage points.

In value terms, the largest amine-function compounds supplying countries in Central Asia were Kyrgyzstan ($X) and Kazakhstan ($X).

In terms of the main exporting countries, Kazakhstan, with a CAGR of -3.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 3.4% against the previous year. In general, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 578% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+29.7%).

Amine-Function Compounds Imports

Imports in Central Asia

In 2021, approx. X tons of amine-function compounds were imported in Central Asia; which is down by -19.8% against 2020 figures. Overall, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 12% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, amine-function compounds imports shrank to $X in 2021. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 18% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) represented the key importer of amine-function compounds, mixing up 78% of total imports. Uzbekistan (X tons) held the second position in the ranking, followed by Kyrgyzstan (X tons). All these countries together held approx. 20% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to amine-function compounds imports into Kazakhstan stood at -19.6%. At the same time, Uzbekistan (+70.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +70.8% from 2012-2021. Kyrgyzstan experienced a relatively flat trend pattern. Uzbekistan (+12 p.p.) and Kyrgyzstan (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -19.7% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported amine-function compounds in Central Asia, comprising 69% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled -21.1%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+70.4% per year) and Kyrgyzstan (-3.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, jumping by 21% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Kazakhstan ($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 (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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