Report Update Nov 1, 2024

Central Asia - Resinoids - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Resinoids Market 2024

Resinoids Market Size in Central Asia

The Central Asian resinoids market shrank to $X in 2022, dropping by -2.7% against the previous year. Over the period under review, consumption showed a noticeable slump. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Resinoids Production in Central Asia

In value terms, resinoids production fell to $X in 2022 estimated in export price. Overall, production showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Resinoids Exports

Exports in Central Asia

In 2016, resinoids exports in Central Asia totaled X kg, stabilizing at 2015 figures. Over the period under review, exports showed a dramatic decrease. The smallest decline of 99.9% was in 2015. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

In value terms, resinoids exports amounted to $X in 2016. Overall, exports saw a sharp decrease. The smallest decline of 99.9% was in 2015. The level of export peaked at $X in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2016, jumping by 368% against the previous year. Overall, the export price saw a significant expansion. The growth pace was the most rapid in 2015 an increase of 368%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

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

From 2014 to 2016, the rate of growth in terms of prices for Kazakhstan amounted to +116.4% per year.

Resinoids Imports

Imports in Central Asia

In 2022, approx. X tons of resinoids were imported in Central Asia; jumping by 61% on the previous year's figure. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 164% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, resinoids imports totaled $X in 2022. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 117% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan was the main importer of resinoids in Central Asia, with the volume of imports resulting at X tons, which was approx. 66% of total imports in 2022. It was distantly followed by Kyrgyzstan (X tons) and Mongolia (X tons), together achieving a 31% share of total imports. Uzbekistan (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to resinoids imports into Kazakhstan stood at +6.8%. At the same time, Uzbekistan (+69.5%), Kyrgyzstan (+42.5%) and Mongolia (+19.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +69.5% from 2012-2022. While the share of Kyrgyzstan (+14 p.p.), Mongolia (+8.6 p.p.) and Uzbekistan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-25.6 p.p.) displayed negative dynamics.

In value terms, the largest resinoids importing markets in Central Asia were Mongolia ($X), Kazakhstan ($X) and Kyrgyzstan ($X), with a combined 99% share of total imports.

Among the main importing countries, Mongolia, with a CAGR of +24.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, falling by -29% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The pace of growth was the most pronounced in 2020 when the import price increased by 98%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

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 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for resinoids in Central Asia?

The country with the largest volume of resinoids consumption was Kazakhstan, accounting for 64% of total volume. Moreover, resinoids consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, Turkmenistan, threefold.

What are the largest producers of resinoids in Central Asia?

Kazakhstan constituted the country with the largest volume of resinoids production, comprising approx. 64% of total volume. Moreover, resinoids production in Kazakhstan exceeded the figures recorded by the second-largest producer, Turkmenistan, threefold.

What are the leading importers of resinoids in Central Asia?

In value terms, Mongolia constitutes the largest market for imported resinoids in Central Asia, comprising 80% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 14% share of total imports.

What is the average export price for resinoids in Central Asia?

The export price in Central Asia stood at $22,000 per ton in 2016, increasing by 368% against the previous year.

What is the average import price for resinoids in Central Asia?

In 2021, the import price in Central Asia amounted to $13,673 per ton, shrinking by -51.2% against the previous year.

This report provides an in-depth analysis of the resinoids market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20531030 - Resinoids

Country coverage:

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Central Asia, split by region and country
Trade (exports and imports) in Central Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023