Central Asia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Central Asia

The Central Asian polycarboxylic acid market rose notably to $X in 2022, increasing by 10% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.7% against 2018 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Polycarboxylic Acid Production in Central Asia

In value terms, polycarboxylic acid production totaled $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 57%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Polycarboxylic Acid Exports

Exports in Central Asia

In 2022, approx. X tons of polycarboxylic acids were exported in Central Asia; with an increase of 52% compared with the previous year. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 948%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, polycarboxylic acid exports skyrocketed to $X in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 695% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Kazakhstan was the main exporter of polycarboxylic acids in Central Asia, with the volume of exports accounting for X tons, which was approx. 66% of total exports in 2022. Uzbekistan (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (14%).

From 2012 to 2022, average annual rates of growth with regard to polycarboxylic acid exports from Kazakhstan stood at +27.3%. At the same time, Uzbekistan (+104.8%) and Kyrgyzstan (+9.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +104.8% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by +19 and +15 percentage points, respectively.

In value terms, the largest polycarboxylic acid supplying countries in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X).

In terms of the main exporting countries, Uzbekistan, with a CAGR of +147.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, dropping by -22.8% against the previous year. In general, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by 63% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($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 (+20.8%), while the other leaders experienced a decline in the export price figures.

Polycarboxylic Acid Imports

Imports in Central Asia

In 2022, approx. X tons of polycarboxylic acids were imported in Central Asia; growing by 74% against 2021. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 328%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, polycarboxylic acid imports soared to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 255% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Uzbekistan was the key importer of polycarboxylic acids in Central Asia, with the volume of imports recording X tons, which was approx. 77% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), making up a 22% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Imports into Uzbekistan increased at an average annual rate of +14.3% from 2012 to 2022. At the same time, Kyrgyzstan (+37.2%) and Kazakhstan (+24.7%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +37.2% from 2012-2022. While the share of Uzbekistan (+77 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-66.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported polycarboxylic acids in Central Asia, comprising 77% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 22% share of total imports.

In Uzbekistan, polycarboxylic acid imports expanded at an average annual rate of +19.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+22.5% per year) and Kyrgyzstan (+26.5% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 43%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, 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 (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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