Report Update Nov 1, 2024

Kazakhstan - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Kazakhstan

In 2021, the Kazakh industrial stearic acid market decreased by -20.1% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, saw a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020, and then declined notably in the following year.

Industrial Stearic Acid Exports

Exports from Kazakhstan

In 2021, exports of industrial stearic acid from Kazakhstan surged to X tons, with an increase of 388% against 2020 figures. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial stearic acid exports skyrocketed to $X in 2021. Overall, exports posted a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 661%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Kyrgyzstan (X tons) was the main destination for industrial stearic acid exports from Kazakhstan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Kyrgyzstan stood at +24.0%.

In value terms, Kyrgyzstan ($X) also remains the key foreign market for industrial stearic acid exports from Kazakhstan.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan totaled +23.8%.

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2021, rising by 12% against the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2012 to 2021, the rate of growth in terms of prices for Kyrgyzstan amounted to -0.1% per year.

Industrial Stearic Acid Imports

Imports into Kazakhstan

In 2021, after nine years of growth, there was significant decline in supplies from abroad of industrial stearic acid, when their volume decreased by -38.2% to X tons. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 85% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced remarkably in the following year.

In value terms, industrial stearic acid imports declined slightly to $X in 2021. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 83% against the previous year. Imports peaked at $X in 2020, and then shrank modestly in the following year.

Imports by Country

Russia (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of industrial stearic acid imports to Kazakhstan, together accounting for 91% of total imports. Malaysia, Turkey and Germany lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +66.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of industrial stearic acid to Kazakhstan, comprising 56% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 25% share of total imports. It was followed by Germany, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+50.3% per year) and Germany (+4.5% per year).

Import Prices by Country

In 2021, the average industrial stearic acid import price amounted to $X per ton, picking up by 56% against the previous year. In general, the import price, however, saw a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Indonesia ($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 (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the world?

China remains the largest industrial stearic acid consuming country worldwide, comprising approx. 26% of total volume. Moreover, industrial stearic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of industrial stearic acid in the world?

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, together comprising 51% of global production.

What are the leading suppliers of industrial stearic acid to Kazakhstan?

In value terms, the largest industrial stearic acid suppliers to Kazakhstan were Indonesia, Russia and Malaysia, together comprising 88% of total imports.

What are the leading importers of industrial stearic acid from Kazakhstan?

In value terms, Kyrgyzstan remains the key foreign market for industrial stearic acid exports from Kazakhstan.

What is the average export price for industrial stearic acid in Kazakhstan?

The average industrial stearic acid export price stood at $1,345 per ton in 2020, waning by -1.5% against the previous year.

What is the average import price for industrial stearic acid in Kazakhstan?

The average industrial stearic acid import price stood at $1,056 per ton in 2020, shrinking by -6.3% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in Kazakhstan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023