Central Asia: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Central Asia

The Central Asian synthetic organic tanning substances market skyrocketed to $X in 2021, with an increase of 55% against the previous year. In general, consumption posted a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Synthetic Organic Tanning Substances in Central Asia

In value terms, synthetic organic tanning substances production contracted to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.3% against 2012 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Synthetic Organic Tanning Substances

Exports in Central Asia

In 2021, overseas shipments of synthetic organic tanning substances increased by 27% to X tons for the first time since 2013, thus ending a seven-year declining trend. In general, exports, however, saw a dramatic curtailment. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, synthetic organic tanning substances exports surged to $X in 2021. Overall, exports, however, showed a abrupt slump. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) was the main exporter of synthetic organic tanning substances, constituting 79% of total exports. It was distantly followed by Turkmenistan (X tons) and Uzbekistan (X tons), together achieving a 21% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of -22.1% from 2012 to 2021. Turkmenistan and Uzbekistan experienced a relatively flat trend pattern. While the share of Turkmenistan (+15 p.p.) and Uzbekistan (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-21 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest synthetic organic tanning substances supplier in Central Asia, comprising 81% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 12% share of total exports.

In Kazakhstan, synthetic organic tanning substances exports declined by an average annual rate of -16.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkmenistan (0.0% per year) and Uzbekistan (0.0% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, which is down by -2.5% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, synthetic organic tanning substances export price increased by +80.1% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 18%. As a result, the export price reached the peak level of $X per ton, and then shrank slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.1%).

Imports of Synthetic Organic Tanning Substances

Imports in Central Asia

In 2021, synthetic organic tanning substances imports in Central Asia surged to X tons, picking up by 127% on the year before. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 214% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, synthetic organic tanning substances imports skyrocketed to $X in 2021. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by 395% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Uzbekistan prevails in imports structure, reaching X tons, which was near 87% of total imports in 2021. It was distantly followed by Mongolia (X tons), mixing up a 6.5% share of total imports. Kazakhstan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to synthetic organic tanning substances imports into Uzbekistan stood at +20.1%. At the same time, Mongolia (+25.8%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +25.8% from 2012-2021. Kazakhstan and Tajikistan experienced a relatively flat trend pattern. While the share of Uzbekistan (+87 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mongolia (-6.5 p.p.), Tajikistan (-23.5 p.p.) and Kazakhstan (-51.4 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported synthetic organic tanning substances in Central Asia, comprising 86% of total imports. The second position in the ranking was taken by Mongolia ($X), with a 7.2% share of total imports. It was followed by Kazakhstan, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan amounted to +15.4%. In the other countries, the average annual rates were as follows: Mongolia (+31.3% per year) and Kazakhstan (-1.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, shrinking by -4.9% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 an increase of 58% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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