Central Asia: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Central Asia

In 2021, after two years of growth, there was decline in the Central Asian market for lauric acid and other acids, their salts and esters, when its value decreased by -3.8% to $X. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Central Asia

In value terms, production of lauric acid and other acids, their salts and esters reduced to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.0% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 40%. Over the period under review, production of reached the maximum level at $X in 2020, and then reduced in the following year.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in Central Asia

In 2021, overseas shipments of lauric acid and other acids, their salts and esters were finally on the rise to reach X kg after four years of decline. Over the period under review, exports, however, showed a mild contraction. Over the period under review, the exports of attained the peak figure at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. In general, exports, however, recorded a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of 90% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

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

Kazakhstan was also the fastest-growing in terms of the lauric acid and other acids, their salts and esters exports, with a CAGR of -1.6% 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 lauric acid and other acids, their salts and esters supplier in Central Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan amounted to -23.0%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, which is down by -73.7% against the previous year. Overall, the export price showed a sharp reduction. The growth pace was the most rapid in 2019 an increase of 55% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 -21.7% per year.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in Central Asia

In 2021, approx. X tons of lauric acid and other acids, their salts and esters were imported in Central Asia; jumping by 44% against the previous year. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 134%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters surged to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) prevails in esters structure, together generating 93% of total imports. Turkmenistan (X tons) and Mongolia (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mongolia (with a CAGR of +37.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lauric acid and other acids, their salts and esters importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), together accounting for 99% of total imports.

Uzbekistan, with a CAGR of +45.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, increasing by 45% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($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 (+7.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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