Central Asia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Central Asia

After two years of growth, the Central Asian double or complex silicates market decreased by -7% to $X in 2021. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.6% against 2012 indices. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.

Production of Double Or Complex Silicates in Central Asia

In value terms, double or complex silicates production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Double Or Complex Silicates

Exports in Central Asia

In 2021, overseas shipments of double or complex silicates increased by 1,541% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a precipitous decline. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, double or complex silicates exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep slump. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan prevails in exports structure, finishing at X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Kazakhstan (X kg), generating a 6.4% share of total exports.

Uzbekistan was also the fastest-growing in terms of the double or complex silicates exports, with a CAGR of -24.4% from 2012 to 2021. Kazakhstan (-35.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan increased by +16 percentage points.

In value terms, Uzbekistan ($X) remains the largest double or complex silicates supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 13% share of total exports.

In Uzbekistan, double or complex silicates exports decreased by an average annual rate of -8.6% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, falling by -48.8% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 272% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then dropped sharply in the following year.

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 Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+23.8%).

Imports of Double Or Complex Silicates

Imports in Central Asia

For the third consecutive year, Central Asia recorded growth in purchases abroad of double or complex silicates, which increased by 37% to X tons in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 413% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, double or complex silicates imports soared to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 573%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Uzbekistan prevails in imports structure, reaching X tons, which was near 83% of total imports in 2021. Kyrgyzstan (X tons) took the second position in the ranking, followed by Kazakhstan (X tons). All these countries together held approx. 17% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to double or complex silicates imports into Uzbekistan stood at +12.1%. At the same time, Kyrgyzstan (+38.2%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +38.2% from 2012-2021. By contrast, Kazakhstan (-5.2%) illustrated a downward trend over the same period. Uzbekistan (+83 p.p.) and Kyrgyzstan (+5.4 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -85.8% from 2012 to 2021, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported double or complex silicates in Central Asia, comprising 89% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 8.9% share of total imports.

In Uzbekistan, double or complex silicates imports increased at an average annual rate of +16.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-1.1% per year) and Kyrgyzstan (+22.2% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, with a decrease of -11.9% against the previous year. In general, the import price, however, saw a slight increase. The growth pace was the most rapid in 2014 when the import price increased by 95% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

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 Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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