Report Update Nov 1, 2024

Central Asia - Bismuth - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Bismuth Market 2022

Bismuth Market Size in Central Asia

In 2021, the Central Asian bismuth market decreased by -8.8% to $X, falling for the eighth year in a row after two years of growth. Over the period under review, consumption showed a precipitous shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Bismuth Production in Central Asia

In value terms, bismuth production soared to $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. The growth pace was the most rapid in 2017 when the production volume increased by 67%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Bismuth Exports

Exports in Central Asia

Bismuth exports rose modestly to X tons in 2021, picking up by 2.4% compared with the previous year. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 58%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, bismuth exports amounted to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 50% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) represented roughly 100% of total exports in 2021.

Kazakhstan was also the fastest-growing in terms of the bismuth exports, with a CAGR of +24.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In Kazakhstan, bismuth exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, surging by 2.2% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -18.8% per year.

Bismuth Imports

Imports in Central Asia

In 2021, approx. X kg of bismuth were imported in Central Asia; with an increase of 5.7% on the previous year. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2013 when imports increased by 201%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, bismuth imports expanded modestly to $X in 2021. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 202% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Uzbekistan was the key importing country with an import of about X kg, which resulted at 50% of total imports. It was distantly followed by Tajikistan (X kg), Kyrgyzstan (X kg), Kazakhstan (X kg) and Turkmenistan (X kg), together constituting a 50% share of total imports.

Uzbekistan was also the fastest-growing in terms of the bismuth imports, with a CAGR of +50.5% from 2012 to 2021. At the same time, Tajikistan (+14.6%), Kazakhstan (+13.7%) and Turkmenistan (+6.6%) displayed positive paces of growth. By contrast, Kyrgyzstan (-3.9%) illustrated a downward trend over the same period. While the share of Uzbekistan (+46 p.p.) and Tajikistan (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-7 p.p.) and Kyrgyzstan (-41.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported bismuth in Central Asia, comprising 47% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 14% share of total imports. It was followed by Kazakhstan, with a 14% share.

In Uzbekistan, bismuth imports expanded at an average annual rate of +41.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kyrgyzstan (-5.2% per year) and Kazakhstan (+12.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, declining by -3.4% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when the import price increased by 29%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bismuth in Central Asia?

The country with the largest volume of bismuth consumption was Kazakhstan, accounting for 93% of total volume. Moreover, bismuth consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, Uzbekistan, more than tenfold.

What are the largest producers of bismuth in Central Asia?

Kazakhstan constituted the country with the largest volume of bismuth production, accounting for 100% of total volume.

What are the leading suppliers of bismuth in Central Asia?

In value terms, Kazakhstan remains the largest bismuth supplier in Central Asia.

What are the leading importers of bismuth in Central Asia?

In value terms, Uzbekistan constitutes the largest market for imported bismuth in Central Asia, comprising 63% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 14% share of total imports. It was followed by Turkmenistan, with an 11% share.

What is the average export price for bismuth in Central Asia?

The export price in Central Asia stood at $6,117 per ton in 2021, with an increase of 16% against the previous year.

What is the average import price for bismuth in Central Asia?

In 2021, the import price in Central Asia amounted to $20,419 per ton, which is down by -31.8% against the previous year.

This report provides an in-depth analysis of the bismuth 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:

Country coverage:

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

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

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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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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
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