Central Asia: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Central Asia

The Central Asian polyphenols and phenol-alcohols market shrank to $X in 2022, which is down by -9% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.7% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Polyphenols And Phenol-Alcohols Production in Central Asia

In value terms, polyphenols and phenol-alcohols production fell modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a moderate increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 51%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Polyphenols And Phenol-Alcohols Exports

Exports in Central Asia

For the fourth consecutive year, Central Asia recorded growth in shipments abroad of polyphenols and phenol-alcohols, which increased by 13,644% to X tons in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 134,103%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, polyphenols and phenol-alcohols exports soared to $X in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 149,087% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together accounting for 100% of total export.

Kazakhstan was also the fastest-growing in terms of the polyphenols and phenol-alcohols exports, with a CAGR of +147.3% from 2012 to 2022. From 2012 to 2022, the share of Kazakhstan increased by +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest polyphenols and phenol-alcohols supplier in Central Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled +113.8%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, reducing by -71.9% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 294% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -13.5% per year.

Polyphenols And Phenol-Alcohols Imports

Imports in Central Asia

In 2022, supplies from abroad of polyphenols and phenol-alcohols was finally on the rise to reach X tons after four years of decline. Overall, imports saw a significant increase. The growth pace was the most rapid in 2017 when imports increased by 996% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, polyphenols and phenol-alcohols imports surged to $X in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan prevails in imports structure, recording X tons, which was near 87% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), generating a 9.8% share of total imports. Turkmenistan (X tons) took a minor share of total imports.

Kazakhstan was also the fastest-growing in terms of the polyphenols and phenol-alcohols imports, with a CAGR of +45.5% from 2012 to 2022. At the same time, Turkmenistan (+19.5%) displayed positive paces of growth. By contrast, Uzbekistan (-22.7%) illustrated a downward trend over the same period. While the share of Kazakhstan (+14 p.p.) and Uzbekistan (+9.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-10.4 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in Central Asia, comprising 90% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at +49.0%. In the other countries, the average annual rates were as follows: Uzbekistan (-2.9% per year) and Turkmenistan (+27.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, surging by 138% against the previous year. Overall, the import price posted a pronounced expansion. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($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 (+25.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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