Central Asia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Central Asia

In 2022, the Central Asian synthetic organic colouring matters market increased by 8.4% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Other Synthetic Organic Colouring Matters in Central Asia

In value terms, synthetic organic colouring matters production reached $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports in Central Asia

For the fourth consecutive year, Central Asia recorded growth in shipments abroad of other synthetic organic colouring matters, which increased by 258% to X tons in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 277%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, synthetic organic colouring matters exports skyrocketed to $X in 2022. Overall, exports enjoyed 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 represented the main exporter of other synthetic organic colouring matters in Central Asia, with the volume of exports finishing at X tons, which was near 69% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), comprising a 29% share of total exports.

Kazakhstan was also the fastest-growing in terms of the other synthetic organic colouring matters exports, with a CAGR of +44.9% from 2012 to 2022. At the same time, Uzbekistan (+17.1%) displayed positive paces of growth. While the share of Uzbekistan (+29 p.p.) and Kazakhstan (+27 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest synthetic organic colouring matters supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

Uzbekistan, with a CAGR of +57.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, falling by -6.1% against the previous year. Over the period under review, the export price saw a perceptible descent. The pace of growth was the most pronounced in 2018 when the export price increased by 184% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+34.4%).

Imports of Other Synthetic Organic Colouring Matters

Imports in Central Asia

In 2022, approx. X tons of other synthetic organic colouring matters were imported in Central Asia; surging by 4.5% compared with 2021 figures. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 417% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, synthetic organic colouring matters imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 314% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Uzbekistan prevails in imports structure, resulting at X tons, which was approx. 79% of total imports in 2022. Kazakhstan (X tons) took the second position in the ranking, followed by Turkmenistan (X tons) and Kyrgyzstan (X tons). All these countries together took near 18% share of total imports. Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to synthetic organic colouring matters imports into Uzbekistan stood at +7.7%. At the same time, Kyrgyzstan (+32.1%), Tajikistan (+14.5%) and Turkmenistan (+3.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +32.1% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. While the share of Uzbekistan (+79 p.p.) and Kyrgyzstan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tajikistan (-2.1 p.p.), Turkmenistan (-25.1 p.p.) and Kazakhstan (-51.6 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported other synthetic organic colouring matters in Central Asia, comprising 77% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total imports. It was followed by Turkmenistan, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan stood at +11.6%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+2.9% per year) and Turkmenistan (+4.6% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2014 an increase of 25% 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.

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 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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