Kazakhstan: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Kazakhstan

The Kazakh carboxylic acid market surged to $X in 2021, increasing by 108% 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). In general, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Carboxylic Acid Exports

Exports from Kazakhstan

In 2021, after two years of growth, there was significant decline in overseas shipments of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, when their volume decreased by -63.7% to X tons. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 250%. The exports peaked at X tons in 2020, and then shrank markedly in the following year.

In value terms, carboxylic acid exports fell dramatically to $X in 2021. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 219% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Uzbekistan (X tons), Russia (X tons) and Kyrgyzstan (X kg) were the main destinations of carboxylic acid exports from Kazakhstan, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +82.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Kyrgyzstan ($X) were the largest markets for carboxylic acid exported from Kazakhstan worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +79.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average carboxylic acid export price amounted to $X per ton, with an increase of 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+10.8%), while the prices for the other major destinations experienced a decline.

Carboxylic Acid Imports

Imports into Kazakhstan

In 2021, approx. X tons of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were imported into Kazakhstan; growing by 73% compared with the year before. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, carboxylic acid imports surged to $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Russia (X tons) and Austria (X tons) were the main suppliers of carboxylic acid imports to Kazakhstan, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +15.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Russia ($X) and Austria ($X) were the largest carboxylic acid suppliers to Kazakhstan, with a combined 82% share of total imports.

Among the main suppliers, China, with a CAGR of +16.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average carboxylic acid import price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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