Report Update Nov 1, 2024

Central Asia - Methacrylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Central Asia

The Central Asian methacrylic acid market contracted significantly to $X in 2022, declining by -71.9% against the previous year. Overall, consumption, however, posted a significant expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Methacrylic Acid Production in Central Asia

In value terms, methacrylic acid production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of 9.9%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Methacrylic Acid Exports

Exports in Central Asia

In 2018, approx. X tons of methacrylic acid and its salts were exported in Central Asia; rising by 6,375% compared with the previous year's figure. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, methacrylic acid exports soared to $X in 2018. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons) represented roughly 100% of total exports in 2018.

Kazakhstan was also the fastest-growing in terms of the methacrylic acid and its salts exports, with a CAGR of +6,375.0% from 2016 to 2018. Kazakhstan (+99 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest methacrylic acid supplier in Central Asia.

From 2016 to 2018, the average annual rate of growth in terms of value in Kazakhstan stood at +6,603.7%.

Export Prices by Country

In 2018, the export price in Central Asia amounted to $X per ton, increasing by 3.5% against the previous year. Over the period from 2016 to 2018, it increased at an average annual rate of +5.7%. The growth pace was the most rapid in 2017 when the export price increased by 8%. The level of export peaked in 2018 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 2016 to 2018, the rate of growth in terms of prices for Kazakhstan amounted to +3.5% per year.

Methacrylic Acid Imports

Imports in Central Asia

In 2022, the amount of methacrylic acid and its salts imported in Central Asia dropped remarkably to X tons, which is down by -32.8% on the previous year. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 1,423%. Over the period under review, imports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, methacrylic acid imports declined sharply to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of 900% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of methacrylic acid and its salts, namely Uzbekistan, represented more than two-thirds of total import.

Uzbekistan was also the fastest-growing in terms of the methacrylic acid and its salts imports, with a CAGR of +23.0% from 2012 to 2022. From 2012 to 2022, the share of Uzbekistan increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported methacrylic acid and its salts in Central Asia.

In Uzbekistan, methacrylic acid imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, declining by -50% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when the import price increased by 167% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Uzbekistan.

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to -19.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methacrylic acid and its salts in Central Asia?

Uzbekistan constituted the country with the largest volume of methacrylic acid consumption, comprising approx. 89% of total volume. Moreover, methacrylic acid consumption in Uzbekistan exceeded the figures recorded by the second-largest consumer, Kazakhstan, eightfold.

What are the largest producers of methacrylic acid and its salts in Central Asia?

Kazakhstan remains the largest methacrylic acid producing country in Central Asia, accounting for 97% of total volume. It was followed by Kyrgyzstan, with a 2.5% share of total production.

What are the leading importers of methacrylic acid and its salts in Central Asia?

In value terms, Uzbekistan constitutes the largest market for imported methacrylic acid and its salts in Central Asia, comprising 86% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 14% share of total imports.

What is the average export price for methacrylic acid and its salts in Central Asia?

In 2018, the e in Central Asia amounted to $3,494 per ton, rising by 3.5% against the previous year.

What is the average import price for methacrylic acid and its salts in Central Asia?

In 2021, the i in Central Asia amounted to $3,074 per ton, increasing by 34% against the previous year.

This report provides an in-depth analysis of the methacrylic acid 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 20143330 - Methacrylic acid and its salts

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