Kazakhstan: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Kazakhstan

The Kazakh phenylacetic acid market amounted to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Phenylacetic acid consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Production in Kazakhstan

In value terms, phenylacetic acid production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Phenylacetic Acid Exports

Exports from Kazakhstan

In 2022, overseas shipments of phenylacetic acid, its salts and esters decreased by X% to less than X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X kg in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, phenylacetic acid exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Kyrgyzstan (X kg), Russia (X kg) and Mongolia (X kg) were the main destinations of phenylacetic acid exports from Kazakhstan, together accounting for X% of total exports.

From 2016 to 2019, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Kyrgyzstan ($X), Russia ($X) and Mongolia ($X) appeared to be the largest markets for phenylacetic acid exported from Kazakhstan worldwide, together comprising X% of total exports.

Kyrgyzstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2019, remaining constant against the previous year. Over the period from 2016 to 2019, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018, and then shrank slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2016 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Phenylacetic Acid Imports

Imports into Kazakhstan

In 2022, approx. X tons of phenylacetic acid, its salts and esters were imported into Kazakhstan; rising by X% against the previous year. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, phenylacetic acid imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of phenylacetic acid imports to Kazakhstan, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest phenylacetic acid suppliers to Kazakhstan, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average phenylacetic acid import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Russia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :