Central Asia: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Central Asia

In 2021, the Central Asian market for palmitic acid, stearic acid, their salts and esters was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Central Asia

In value terms, production of palmitic acid, stearic acid, their salts and esters rose to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports in Central Asia

In 2021, the amount of palmitic acid, stearic acid, their salts and esters exported in Central Asia fell to X tons, waning by -10.3% against the previous year. Overall, exports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2016 when exports increased by 591%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters declined markedly to $X in 2021. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 262% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Kazakhstan (X tons) was the major exporter of palmitic acid, stearic acid, their salts and esters, making up 84% of total exports. It was distantly followed by Uzbekistan (X kg), comprising a 16% share of total exports.

Kazakhstan was also the fastest-growing in terms of the palmitic acid, stearic acid, their salts and esters exports, with a CAGR of +2.1% from 2012 to 2021. Uzbekistan experienced a relatively flat trend pattern. Uzbekistan (+16 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -16.1% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest palmitic acid, stearic acid, their salts and esters supplier in Central Asia, comprising 78% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total exports.

In Kazakhstan, exports of palmitic acid, stearic acid, their salts and esters decreased by an average annual rate of -12.5% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, dropping by -21.9% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 32%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-14.3%).

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports in Central Asia

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were imported in Central Asia; surging by 32% on the previous year's figure. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 164%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 169%. Over the period under review, imports of reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan (X tons) and Kyrgyzstan (X tons) dominates esters structure, together creating 83% of total imports. Kazakhstan (X tons) took the next position in the ranking, followed by Mongolia (X tons). All these countries together held approx. 15% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mongolia (with a CAGR of +63.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported palmitic acid, stearic acid, their salts and esters in Central Asia, comprising 69% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total imports. It was followed by Mongolia, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan stood at +26.3%. In the other countries, the average annual rates were as follows: Kazakhstan (+5.2% per year) and Mongolia (+57.6% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, rising by 6.7% against the previous year. Over the period under review, the import price recorded a buoyant increase. The growth pace was the most rapid in 2013 an increase of 118% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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