Central Asia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Central Asia

In 2022, the Central Asian cyclic hydrocarbons market decreased by X% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Central Asia

In value terms, cyclic hydrocarbons production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports in Central Asia

In 2022, shipments abroad of cyclic hydrocarbons was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons exports soared to $X in 2022. Overall, exports posted 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 Kazakhstan (X tons), together amounting to X% of total export.

Kazakhstan was also the fastest-growing in terms of the cyclic hydrocarbons exports, with a CAGR of X% from 2012 to 2022. While the share of Kazakhstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, cyclic hydrocarbons exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclic hydrocarbons export price increased by X% against 2015 indices. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Cyclic Hydrocarbons Imports

Imports in Central Asia

In 2022, overseas purchases of cyclic hydrocarbons decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports surged to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Uzbekistan (X tons) was the main importer of cyclic hydrocarbons, comprising X% of total imports. It was distantly followed by Kazakhstan (X tons), making up an X% share of total imports. Kyrgyzstan (X tons) and Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons imports into Uzbekistan stood at X%. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan stood at X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a abrupt curtailment. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) and Turkmenistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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