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Report Central Asia - Styrene - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Central Asia: Styrene Market 2024

Styrene Market Size in Central Asia

In 2021, the Central Asian styrene market increased by 2% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Styrene Production in Central Asia

In value terms, styrene production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Styrene Exports

Exports in Central Asia

In 2015, the amount of styrene exported in Central Asia reduced markedly to X kg, waning by -99.9% against 2014. Overall, exports showed a sharp reduction. The smallest decline of -37.3% was in 2014. The volume of export peaked at X tons in 2013; however, from 2014 to 2015, the exports remained at a lower figure.

In value terms, styrene exports reduced notably to $X in 2015. In general, exports recorded a precipitous shrinkage. The smallest decline of -51.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

Exports by Country

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

Turkmenistan experienced a relatively flat trend pattern with regard to volume of exports of styrene. From 2013 to 2015, the share of Turkmenistan increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2013 to 2015, the average annual growth rate of value in Turkmenistan was relatively modest.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2015, growing by 20% against the previous year. In general, the export price, however, recorded a noticeable curtailment. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2015, 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 Turkmenistan.

From 2013 to 2015, the rate of growth in terms of prices for Turkmenistan amounted to 0.0% per year.

Styrene Imports

Imports in Central Asia

For the sixth consecutive year, Central Asia recorded growth in supplies from abroad of styrene, which increased by 25% to X tons in 2021. In general, imports recorded a significant increase. The growth pace was the most rapid in 2017 when imports increased by 2,271% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, styrene imports soared to $X in 2021. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 2,586% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of styrene imports in 2021 were Uzbekistan (X tons), together recording 98% of total import.

Uzbekistan was also the fastest-growing in terms of the styrene imports, with a CAGR of +35.6% from 2012 to 2021. From 2012 to 2021, the share of Uzbekistan increased by +97 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported styrene in Central Asia.

In Uzbekistan, styrene imports increased at an average annual rate of +29.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, growing by 43% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Uzbekistan.

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to -4.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of styrene consumption was Kazakhstan, comprising approx. 78% of total volume. Moreover, styrene consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, Tajikistan, fourfold.
Kazakhstan remains the largest styrene producing country in Central Asia, comprising approx. 79% of total volume. Moreover, styrene production in Kazakhstan exceeded the figures recorded by the second-largest producer, Tajikistan, fourfold.
In value terms, Uzbekistan constitutes the largest market for imported styrene in Central Asia, comprising 95% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 4.6% share of total imports.
In 2015, the e in Central Asia amounted to $1,667 per ton, jumping by 20% against the previous year.
The import price in Central Asia stood at $1,369 per ton in 2021, growing by 43% against the previous year.

This report provides an in-depth analysis of the styrene 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 20141250 - Styrene

Country coverage:

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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

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