Kazakhstan: Acetic Acid Market 2024

Acetic Acid Market Size in Kazakhstan

The Kazakh acetic acid market soared to $X in 2021, jumping by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +118.0% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetic Acid Exports

Exports from Kazakhstan

In 2021, overseas shipments of acetic acid increased by 35% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports saw a modest expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,241% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, acetic acid exports surged to $X in 2021. In general, exports recorded moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of 3,363%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Kyrgyzstan (X tons) and Tajikistan (X tons) were the main destinations of acetic acid exports from Kazakhstan.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +65.5%).

In value terms, the largest markets for acetic acid exported from Kazakhstan were Tajikistan ($X) and Kyrgyzstan ($X).

Kyrgyzstan, with a CAGR of +44.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average acetic acid export price stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price showed a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of 160%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Kyrgyzstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Acetic Acid Imports

Imports into Kazakhstan

In 2021, overseas purchases of acetic acid increased by 5.3% to X tons, rising for the third year in a row after two years of decline. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.1% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 38% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, acetic acid imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of acetic acid to Kazakhstan, with a 87% share of total imports. Moreover, acetic acid imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Uzbekistan (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.0% per year) and Uzbekistan (-2.9% per year).

In value terms, Russia ($X) constituted the largest supplier of acetic acid to Kazakhstan, comprising 87% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 5.4% share of total imports. It was followed by Poland, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+7.5% per year) and Poland (+7.4% per year).

Import Prices by Country

In 2021, the average acetic acid import price amounted to $X per ton, rising by 58% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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