Kazakhstan: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Kazakhstan

The Kazakh odoriferous substance mixture market expanded slightly to $X in 2022, rising by 3.7% 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). Overall, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Kazakhstan

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations increased by 29% to X tons, rising for the second year in a row after three years of decline. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 356% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, odoriferous substance mixture exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons), Russia (X tons) and Tajikistan (X tons) were the main destinations of odoriferous substance mixture exports from Kazakhstan, together comprising 89% 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 Kyrgyzstan (with a CAGR of +92.3%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for mixtures of odoriferous substances and their preparations exports from Kazakhstan, comprising 57% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 24% share of total exports. It was followed by Tajikistan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+102.8% per year) and Tajikistan (+6.5% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, picking up by 127% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Kazakhstan

In 2022, supplies from abroad of mixtures of odoriferous substances and their preparations decreased by -19.9% to X tons, falling for the second year in a row after five years of growth. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 62%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, odoriferous substance mixture imports rose notably to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Egypt (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to Kazakhstan, together comprising 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +508.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Kazakhstan were Egypt ($X), Ireland ($X) and France ($X), with a combined 77% share of total imports.

Egypt, with a CAGR of +526.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, rising by 42% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, odoriferous substance mixture import price increased by +70.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Ireland ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :