Central Asia: Ethanol Market 2024

Ethanol Market Size in Central Asia

The Central Asian ethanol market rose rapidly to $X in 2022, with an increase of 8.8% against the previous year. Overall, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ethanol Production in Central Asia

In value terms, ethanol production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 51%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Ethanol Exports

Exports in Central Asia

In 2022, approx. X litres of ethyl alcohol were exported in Central Asia; which is down by -3.9% on 2021. In general, exports recorded a slight decrease. The pace of growth was the most pronounced in 2020 with an increase of 167% against the previous year. As a result, the exports reached the peak of X litres. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethanol exports dropped to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 116% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan represented the largest exporter of ethyl alcohol in Central Asia, with the volume of exports recording X litres, which was approx. 87% of total exports in 2022. It was distantly followed by Kyrgyzstan (X litres), constituting a 13% share of total exports.

Kazakhstan was also the fastest-growing in terms of the ethyl alcohol exports, with a CAGR of -1.6% from 2012 to 2022. Kyrgyzstan (-2.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest ethanol supplier in Central Asia, comprising 82% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at -1.5%.

Export Prices by Country

The export price in Central Asia stood at $X per litre in 2022, waning by -4.5% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol export price increased by +60.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 68% against the previous year. As a result, the export price reached the peak level of $X per litre, and then dropped modestly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per litre), while Kazakhstan amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+8.6%).

Ethanol Imports

Imports in Central Asia

Ethanol imports reduced to X litres in 2022, dropping by -11.1% compared with the year before. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 80%. The volume of import peaked at X litres in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, ethanol imports shrank to $X in 2022. In general, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 95% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkmenistan dominates imports structure, finishing at X litres, which was approx. 94% of total imports in 2022. The following importers - Kazakhstan (X litres) and Kyrgyzstan (X litres) - together made up 5.6% of total imports.

Turkmenistan experienced a relatively flat trend pattern with regard to volume of imports of ethyl alcohol. At the same time, Kyrgyzstan (+112.0%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +112.0% from 2012-2022. By contrast, Kazakhstan (-8.1%) illustrated a downward trend over the same period. Turkmenistan (+3.5 p.p.) and Kyrgyzstan (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -5.2% from 2012 to 2022, respectively.

In value terms, Turkmenistan ($X) constitutes the largest market for imported ethyl alcohol in Central Asia, comprising 94% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 3.7% share of total imports.

In Turkmenistan, ethanol imports decreased by an average annual rate of -2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (-7.4% per year) and Kyrgyzstan (+84.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per litre in 2022, stabilizing at the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2013 an increase of 13% against the previous year. As a result, import price reached the peak level of $X per litre. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per litre), while Kazakhstan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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