Central Asia: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2025

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Central Asia

After four years of growth, the Central Asian reaction initiators and accelerators market decreased by -23.5% to $X in 2022. Over the period under review, consumption, however, recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank notably in the following year.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Central Asia

In value terms, reaction initiators and accelerators production expanded notably to $X in 2022 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 70%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in Central Asia

Reaction initiators and accelerators exports skyrocketed to X tons in 2022, with an increase of 41% on the previous year. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 52%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, reaction initiators and accelerators exports surged to $X in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan represented the major exporting country with an export of about X tons, which amounted to 73% of total exports. It was distantly followed by Kazakhstan (X tons), mixing up a 26% share of total exports.

Uzbekistan was also the fastest-growing in terms of the reaction initiators, reaction accelerators and catalytic preparations exports, with a CAGR of +404.4% from 2012 to 2022. At the same time, Kazakhstan (+26.0%) displayed positive paces of growth. While the share of Uzbekistan (+73 p.p.) and Kazakhstan (+16 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) emerged as the largest reaction initiators and accelerators supplier in Central Asia, comprising 89% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan amounted to +861.4%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, picking up by 544% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+90.6%).

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in Central Asia

In 2022, after five years of growth, there was significant decline in supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations, when their volume decreased by -38.8% to X tons. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 115% against the previous year. The volume of import peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, reaction initiators and accelerators imports fell markedly to $X in 2022. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 116%. The level of import peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Kazakhstan was the key importing country with an import of about X tons, which recorded 65% of total imports. Turkmenistan (X tons) ranks second in terms of the total imports with a 24% share, followed by Uzbekistan (9.9%).

Kazakhstan was also the fastest-growing in terms of the reaction initiators, reaction accelerators and catalytic preparations imports, with a CAGR of +25.4% from 2012 to 2022. At the same time, Uzbekistan (+21.6%) and Turkmenistan (+5.3%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by +35 and +9.9 percentage points, respectively.

In value terms, the largest reaction initiators and accelerators importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), with a combined 99% share of total imports.

Uzbekistan, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, waning by -2.2% against the previous year. Overall, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2019 an increase of 33% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 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 Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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