Central Asia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Central Asia

The Central Asian aromatic hydrocarbons derivatives market reduced notably to $X in 2021, dropping by -16.8% against the previous year. Overall, consumption, however, posted a resilient expansion. The level of consumption peaked at $X in 2020, and then dropped significantly in the following year.

Aromatic Hydrocarbons Derivatives Production in Central Asia

In value terms, aromatic hydrocarbons derivatives production fell sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw buoyant growth. The growth pace was the most rapid in 2013 when the production volume increased by 86% against the previous year. The level of production peaked at $X in 2020, and then declined rapidly in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports in Central Asia

Aromatic hydrocarbons derivatives exports reduced remarkably to X kg in 2021, waning by -22.7% on 2020 figures. Over the period under review, exports saw a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives exports totaled $X in 2021. Overall, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 83%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

Kazakhstan was also the fastest-growing in terms of the halogenated derivatives of aromatic hydrocarbons exports, with a CAGR of -30.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at -23.6%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, picking up by 30% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 43%. The level of export peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +9.1% per year.

Aromatic Hydrocarbons Derivatives Imports

Imports in Central Asia

In 2021, purchases abroad of halogenated derivatives of aromatic hydrocarbons increased by 12% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 319% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives imports surged to $X in 2021. Overall, imports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2017 when imports increased by 127%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Tajikistan was the main importer of halogenated derivatives of aromatic hydrocarbons in Central Asia, with the volume of imports finishing at X tons, which was near 82% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), creating a 14% share of total imports. The following importers - Turkmenistan (X kg) and Uzbekistan (X kg) - each recorded a 3.6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to aromatic hydrocarbons derivatives imports into Tajikistan stood at +13.1%. At the same time, Uzbekistan (+252.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +252.5% from 2012-2021. By contrast, Kazakhstan (-10.4%) and Turkmenistan (-29.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tajikistan and Uzbekistan increased by +59 and +1.6 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported halogenated derivatives of aromatic hydrocarbons in Central Asia, comprising 66% of total imports. The second position in the ranking was held by Tajikistan ($X), with a 25% share of total imports. It was followed by Turkmenistan, with an 8% share.

In Kazakhstan, aromatic hydrocarbons derivatives imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tajikistan (+14.0% per year) and Turkmenistan (-19.0% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, growing by 83% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 140%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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