Central Asia: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in Central Asia

In 2022, the Central Asian sulphides, dithionites and sulphoxylates market was finally on the rise to reach $X after three years of decline. Overall, consumption recorded resilient growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Sulphides, Polysulphides, Dithionites And Sulphoxylates in Central Asia

In value terms, sulphides, dithionites and sulphoxylates production stood at $X in 2022 estimated in export price. Over the period under review, production showed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports in Central Asia

Sulphides, dithionites and sulphoxylates exports soared to X tons in 2022, picking up by 56% against the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 224% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, sulphides, dithionites and sulphoxylates exports skyrocketed to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 145% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Uzbekistan (X tons) and Mongolia (X tons) represented the main exporters of sulphides, polysulphides, dithionites and sulphoxylates in 2022, resulting at approx. 43% and 30% of total exports, respectively. It was distantly followed by Kazakhstan (X tons), making up a 26% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +138.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) remains the largest sulphides, dithionites and sulphoxylates supplier in Central Asia, comprising 55% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan amounted to +273.2%. In the other countries, the average annual rates were as follows: Kazakhstan (+26.4% per year) and Mongolia (-0.9% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, jumping by 29% against the previous year. In general, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 45%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 ($X per ton), while Mongolia ($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 (+56.7%), while the other leaders experienced a decline in the export price figures.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports in Central Asia

In 2022, purchases abroad of sulphides, polysulphides, dithionites and sulphoxylates was finally on the rise to reach X tons after two years of decline. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sulphides, dithionites and sulphoxylates imports skyrocketed to $X in 2022. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan (X tons) and Mongolia (X tons) represented roughly 87% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), mixing up a 12% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported sulphides, polysulphides, dithionites and sulphoxylates in Central Asia, comprising 59% of total imports. The second position in the ranking was taken by Mongolia ($X), with a 26% share of total imports.

In Kazakhstan, sulphides, dithionites and sulphoxylates imports increased at an average annual rate of +10.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+3.3% per year) and Uzbekistan (+7.0% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, rising by 2.8% against the previous year. Overall, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2021 when the import price increased by 56% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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