Report Update Nov 1, 2024

Central Asia - Essential Oils - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Essential Oils Market 2024

Essential Oils Market Size in Central Asia

The Central Asian essential oils market reduced to $X in 2022, declining by -1.7% against the previous year. Overall, consumption continues to indicate measured growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Essential Oils Production in Central Asia

In value terms, essential oils production declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 133%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Essential Oils Exports

Exports in Central Asia

In 2022, exports of essential oils in Central Asia surged to X tons, jumping by 247% against the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, essential oils exports soared to $X in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan was the largest exporter of essential oils in Central Asia, with the volume of exports finishing at X tons, which was approx. 71% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), mixing up a 29% share of total exports.

Kazakhstan was also the fastest-growing in terms of the essential oils exports, with a CAGR of +41.9% from 2012 to 2022. At the same time, Kyrgyzstan (+26.3%) displayed positive paces of growth. While the share of Kazakhstan (+28 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (-27.8 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) emerged as the largest essential oils supplier in Central Asia, comprising 90% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled +47.1%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, jumping by 169% against the previous year. Over the period under review, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+6.3%).

Essential Oils Imports

Imports in Central Asia

In 2022, the amount of essential oils imported in Central Asia skyrocketed to X tons, jumping by 58% compared with the previous year. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 156% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, essential oils imports stood at $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 74%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Kyrgyzstan (X tons) was the major importer of essential oils, generating 84% of total imports. It was distantly followed by Kazakhstan (X tons), committing a 14% share of total imports.

Kyrgyzstan was also the fastest-growing in terms of the essential oils imports, with a CAGR of +60.5% from 2012 to 2022. At the same time, Kazakhstan (+7.5%) displayed positive paces of growth. Kyrgyzstan (+75 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -71% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported essential oils in Central Asia, comprising 65% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 28% share of total imports.

In Kazakhstan, essential oils imports expanded at an average annual rate of +10.6% over the period from 2012-2022.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, reducing by -33.5% against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 39%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for essential oils in Central Asia?

The countries with the highest volumes of in 2021 were Kyrgyzstan, Tajikistan and Kazakhstan, with a combined 99% share of total consumption.

What are the largest producers of essential oils in Central Asia?

The countries with the highest volumes of in 2021 were Tajikistan and Kyrgyzstan.

What are the leading suppliers of essential oils in Central Asia?

In value terms, Kazakhstan remains the largest essential oils supplier in Central Asia, comprising 91% of total exports. The second position in the ranking was occupied by Mongolia $376), with a 3.7% share of total exports.

What are the leading importers of essential oils in Central Asia?

In value terms, the largest essential oils importing markets in Central Asia were Kazakhstan, Kyrgyzstan and Uzbekistan, with a combined 91% share of total imports.

What is the average export price for essential oils in Central Asia?

The export price in Central Asia stood at $28,414 per ton in 2021, picking up by 151% against the previous year.

What is the average import price for essential oils in Central Asia?

The import price in Central Asia stood at $6,726 per ton in 2021, which is down by -62.6% against the previous year.

This report provides an in-depth analysis of the essential oils 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:

Prodcom 20531020 - Essential oils

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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