Kazakhstan: Organic Pigments Market 2024

Organic Pigments Market Size in Kazakhstan

In 2021, the Kazakh organic pigments market increased by 45% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Organic Pigments Production in Kazakhstan

In value terms, organic pigments production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 108%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Organic Pigments Exports

Exports from Kazakhstan

Organic pigments exports from Kazakhstan rose remarkably to X tons in 2021, with an increase of 13% compared with 2020. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2015 when exports increased by 383%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, organic pigments exports soared to $X in 2021. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 161%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for organic pigments exports from Kazakhstan, with a 12% share of total exports. Moreover, organic pigments exports to China exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), twofold. Uzbekistan (X tons) ranked third in terms of total exports with a 1% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+78.6% per year) and Uzbekistan (+23.3% per year).

In value terms, the largest markets for organic pigments exported from Kazakhstan were Kyrgyzstan ($X), China ($X) and Uzbekistan ($X), with a combined 43% share of total exports.

Kyrgyzstan, with a CAGR of +43.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2021, jumping by 34% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 124%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+2.5%), while the prices for the other major destinations experienced a decline.

Organic Pigments Imports

Imports into Kazakhstan

In 2021, purchases abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons after two years of decline. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 80%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organic pigments imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest organic pigments supplier to Kazakhstan, accounting for a 46% share of total imports. Moreover, organic pigments imports from Russia exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+19.6% per year) and Turkey (+15.3% per year).

In value terms, Russia ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Kazakhstan, comprising 30% of total imports. The second position in the ranking was taken by France ($X), with a 4.7% share of total imports. It was followed by Turkey, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-14.5% per year) and Turkey (+12.1% per year).

Import Prices by Country

In 2021, the average organic pigments import price amounted to $X per ton, jumping by 38% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 the UK ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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