Kazakhstan: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Kazakhstan

In 2021, the Kazakh tall oil fatty acids market increased by 37% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a significant increase. Tall oil fatty acids consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Industrial Tall Oil Fatty Acids in Kazakhstan

In value terms, tall oil fatty acids production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11%. As a result, production attained the peak level of $X, and then contracted modestly in the following year.

Exports of Industrial Tall Oil Fatty Acids

Exports from Kazakhstan

In 2021, approx. X tons of industrial tall oil fatty acids were exported from Kazakhstan; which is down by -83.2% compared with 2020 figures. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 129%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, tall oil fatty acids exports fell sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 60% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Russia (X tons) was the main destination for tall oil fatty acids exports from Kazakhstan, with a 84% share of total exports. Moreover, tall oil fatty acids exports to Russia exceeded the volume sent to the second major destination, Georgia (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -7.6%.

In value terms, Russia ($X) remains the key foreign market for industrial tall oil fatty acids exports from Kazakhstan, comprising 89% of total exports. The second position in the ranking was held by Georgia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -12.1%.

Export Prices by Country

In 2021, the average tall oil fatty acids export price amounted to $X per ton, declining by -44.2% against the previous year. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then fell dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (-1.6%).

Imports of Industrial Tall Oil Fatty Acids

Imports into Kazakhstan

In 2021, supplies from abroad of industrial tall oil fatty acids increased by 40% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 543% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, tall oil fatty acids imports soared to $X in 2021. In general, imports showed a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 433%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest tall oil fatty acids supplier to Kazakhstan, with a 45% share of total imports. Moreover, tall oil fatty acids imports from Russia exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +68.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+92.8% per year) and the Netherlands (+32.2% per year).

In value terms, the largest tall oil fatty acids suppliers to Kazakhstan were Russia ($X), Finland ($X) and the Netherlands ($X), with a combined 70% share of total imports.

Among the main suppliers, Finland, with a CAGR of +78.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, reducing by -12.3% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price decreased by -1.2% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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