Central Asia: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Central Asia

The Central Asian unsaturated acyclic hydrocarbons market declined slightly to $X in 2021, waning by -4.3% against the previous year. Over the period under review, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Central Asia

In value terms, unsaturated acyclic hydrocarbons production rose to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable decline. The growth pace was the most rapid in 2016 when the production volume increased by 30%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports in Central Asia

Unsaturated acyclic hydrocarbons exports contracted to X tons in 2021, with a decrease of -11.6% on the previous year's figure. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 48%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, unsaturated acyclic hydrocarbons exports fell slightly to $X in 2021. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 74%. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

In 2021, Uzbekistan (X tons) was the major exporter of unsaturated acyclic hydrocarbons, comprising 65% of total exports. It was distantly followed by Kazakhstan (X kg), making up a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of +12.4%).

In value terms, Kazakhstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2021.

Uzbekistan, with a CAGR of +13.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by 45% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.7%).

Unsaturated Acyclic Hydrocarbons Imports

Imports in Central Asia

In 2021, approx. X tons of unsaturated acyclic hydrocarbons were imported in Central Asia; falling by -77.1% compared with the previous year. In general, imports, however, posted a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of 1,780% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports declined remarkably to $X in 2021. Over the period under review, imports, however, showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 915%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Turkmenistan represented the major importing country with an import of around X tons, which accounted for 76% of total imports. It was distantly followed by Kazakhstan (X tons), achieving a 17% share of total imports. The following importers - Kyrgyzstan (X tons) and Uzbekistan (X tons) - each resulted at a 6% share of total imports.

Turkmenistan was also the fastest-growing in terms of the unsaturated acyclic hydrocarbons imports, with a CAGR of +59.9% from 2012 to 2021. At the same time, Uzbekistan (+38.9%) and Kyrgyzstan (+6.7%) displayed positive paces of growth. By contrast, Kazakhstan (-13.0%) illustrated a downward trend over the same period. While the share of Turkmenistan (+74 p.p.) and Uzbekistan (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-74.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkmenistan ($X) constitutes the largest market for imported unsaturated acyclic hydrocarbons in Central Asia, comprising 76% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 18% share of total imports. It was followed by Kyrgyzstan, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value in Turkmenistan stood at +55.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-6.7% per year) and Kyrgyzstan (-12.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, with an increase of 156% against the previous year. Overall, the import price posted a noticeable expansion. As a result, import 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 importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($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 (+7.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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