Central Asia: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Central Asia

In 2021, after three years of growth, there was decline in the Central Asian industrial monocarboxylic fatty acids market, when its value decreased by -2.6% to $X. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.9% against 2017 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Production of Industrial Monocarboxylic Fatty Acids in Central Asia

In value terms, industrial monocarboxylic fatty acids production reduced slightly to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +51.0% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of 35%. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Central Asia

In 2021, shipments abroad of industrial monocarboxylic fatty acids decreased by -9.6% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 224%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports shrank to $X in 2021. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 215%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan represented the largest exporter of industrial monocarboxylic fatty acids in Central Asia, with the volume of exports accounting for X tons, which was near 76% of total exports in 2021. It was distantly followed by Kazakhstan (X tons), achieving a 22% share of total exports.

Turkmenistan was also the fastest-growing in terms of the industrial monocarboxylic fatty acids exports, with a CAGR of +13.4% from 2012 to 2021. Kazakhstan (-3.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkmenistan increased by +31 percentage points.

In value terms, Turkmenistan ($X) remains the largest industrial monocarboxylic fatty acids supplier in Central Asia, comprising 78% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 19% share of total exports.

In Turkmenistan, industrial monocarboxylic fatty acids exports expanded at an average annual rate of +9.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, with a decrease of -3.6% against the previous year. In general, the export price recorded a mild shrinkage. The pace of growth was the most pronounced in 2018 an increase of 62% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.8%).

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Central Asia

Industrial monocarboxylic fatty acids imports dropped notably to X tons in 2021, with a decrease of -16% on 2020. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 521%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids imports shrank slightly to $X in 2021. Over the period under review, imports, however, showed a mild increase. The growth pace was the most rapid in 2017 when imports increased by 242%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Uzbekistan was the major importer of industrial monocarboxylic fatty acids in Central Asia, with the volume of imports reaching X tons, which was approx. 80% of total imports in 2021. It was distantly followed by Kazakhstan (X tons) and Kyrgyzstan (X tons), together making up an 18% share of total imports. Tajikistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to industrial monocarboxylic fatty acids imports into Uzbekistan stood at -8.8%. At the same time, Tajikistan (+45.3%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +45.3% from 2012-2021. By contrast, Kazakhstan (-10.2%) and Kyrgyzstan (-10.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Tajikistan increased by +80 and +1.6 percentage points, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in Central Asia, comprising 74% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 19% share of total imports. It was followed by Kyrgyzstan, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan totaled -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-14.3% per year) and Kyrgyzstan (-13.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2014 when the import price increased by 296%. 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.

Prices varied noticeably by country of destination: 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 Uzbekistan (+7.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :