Kazakhstan: Amino Resin Market 2025

Amino Resin Market Size in Kazakhstan

The Kazakh amino resin market shrank slightly to $X in 2022, declining by -2.4% 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). Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.5% against 2020 indices. Amino resin consumption peaked at $X in 2021, and then shrank in the following year.

Amino Resin Exports

Exports from Kazakhstan

For the fourth consecutive year, Kazakhstan recorded growth in shipments abroad of amino resins, which increased by 110% to X tons in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 194%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, amino resin exports soared to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 219% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Uzbekistan (X tons), Russia (X tons) and Kyrgyzstan (X tons) were the main destinations of amino resin exports from Kazakhstan, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +703.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from Kazakhstan were Russia ($X), Uzbekistan ($X) and Kyrgyzstan ($X), together comprising 97% of total exports.

Russia, with a CAGR of +632.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, growing by 27% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin export price increased by +129.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 66%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and Kyrgyzstan ($X per ton), while the average price for exports to Germany ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+17.6%), while the prices for the other major destinations experienced mixed trend patterns.

Amino Resin Imports

Imports into Kazakhstan

For the seventh consecutive year, Kazakhstan recorded growth in overseas purchases of amino resins, which increased by 3.1% to X tons in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 52%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, amino resin imports expanded markedly to $X in 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of amino resin to Kazakhstan, with a 51% share of total imports. Moreover, amino resin imports from Belgium exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+14.4% per year) and the Netherlands (+49.7% per year).

In value terms, the largest amino resin suppliers to Kazakhstan were Russia ($X), Belgium ($X) and the Netherlands ($X), together accounting for 83% of total imports.

The Netherlands, with a CAGR of +39.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, with an increase of 6.5% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :