Central Asia: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Central Asia

In 2022, the Central Asian azo- or azoxy-compounds market increased by 3.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Azo- Or Azoxy-Compounds Production in Central Asia

In value terms, azo- or azoxy-compounds production fell modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Azo- Or Azoxy-Compounds Exports

Exports in Central Asia

In 2022, shipments abroad of diazo-, azo- or azoxy-compounds decreased by -67.9% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 12,850% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, azo- or azoxy-compounds exports dropped remarkably to $X in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 when exports increased by 10,128% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Kazakhstan (X kg), together amounting to 100% of total export.

Kazakhstan was also the fastest-growing in terms of the diazo-, azo- or azoxy-compounds exports, with a CAGR of +23.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest azo- or azoxy-compounds supplier in Central Asia.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled +23.2%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, growing by 34% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 337%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 -0.1% per year.

Azo- Or Azoxy-Compounds Imports

Imports in Central Asia

In 2022, the amount of diazo-, azo- or azoxy-compounds imported in Central Asia soared to X tons, with an increase of 192% against the previous year's figure. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 420% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, azo- or azoxy-compounds imports skyrocketed to $X in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan was the largest importing country with an import of about X tons, which reached 66% of total imports. It was distantly followed by Kazakhstan (X tons), achieving a 32% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to azo- or azoxy-compounds imports into Uzbekistan stood at +28.8%. At the same time, Kazakhstan (+43.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +43.9% from 2012-2022. By contrast, Turkmenistan (-21.7%) illustrated a downward trend over the same period. While the share of Uzbekistan (+66 p.p.) and Kazakhstan (+28 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-94.1 p.p.) displayed negative dynamics.

In value terms, the largest azo- or azoxy-compounds importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Turkmenistan ($X), together accounting for 100% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +63.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, jumping by 58% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, azo- or azoxy-compounds import price increased by +16.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 74%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+26.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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