Kazakhstan: Chromates Market 2024

Chromates Market Size in Kazakhstan

The Kazakh chromates market soared to $X in 2022, rising by 139% against the previous year. In general, consumption showed a modest increase. Chromates consumption peaked in 2022 and is likely to see gradual growth in years to come.

Chromates Production in Kazakhstan

In value terms, chromates production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Chromates Exports

Exports from Kazakhstan

In 2022, the amount of chromates, dichromates and peroxochromates exported from Kazakhstan dropped remarkably to X tons, waning by -65.8% compared with the previous year's figure. Over the period under review, exports saw a pronounced contraction. The growth pace was the most rapid in 2016 when exports increased by 188% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chromates exports shrank significantly to $X in 2022. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 141% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for chromates exports from Kazakhstan, accounting for a 71% share of total exports. Moreover, chromates exports to Germany exceeded the volume sent to the second major destination, Australia (X tons), ninefold. The UK (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+10.2% per year) and the UK (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for chromates, dichromates and peroxochromates exports from Kazakhstan, comprising 69% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.1% share of total exports. It was followed by the UK, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+3.1% per year) and the UK (-1.0% per year).

Export Prices by Country

The average chromates export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, saw a mild decline. The pace of growth was the most pronounced in 2019 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Belgium ($X per ton), while the average price for exports to South Korea ($X per ton) and Hong Kong SAR ($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 Belgium (+2.5%), while the prices for the other major destinations experienced a decline.

Chromates Imports

Imports into Kazakhstan

In 2022, chromates imports into Kazakhstan skyrocketed to X tons, picking up by 1,380% compared with the previous year. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chromates imports surged to $X in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Estonia (X tons) constituted the largest supplier of chromates to Kazakhstan, accounting for a 87% share of total imports. Moreover, chromates imports from Estonia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.6% per year) and Russia (+12.7% per year).

In value terms, Estonia ($X) constituted the largest supplier of chromates, dichromates and peroxochromates to Kazakhstan, comprising 65% of total imports. The second position in the ranking was held by Turkey ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Estonia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.1% per year) and Russia (+5.3% per year).

Import Prices by Country

The average chromates import price stood at $X per ton in 2022, reducing by -40.2% against the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 83%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Estonia ($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 (+15.4%).

Source: IndexBox Platform

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