Kazakhstan: Market for Synthetic Organic Tanning Substances 2024

Market Size for Synthetic Organic Tanning Substances in Kazakhstan

In 2021, after six years of growth, there was significant decline in the Kazakh synthetic organic tanning substances market, when its value decreased by -9.5% to $X. In general, consumption, however, recorded significant growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Production of Synthetic Organic Tanning Substances in Kazakhstan

In value terms, synthetic organic tanning substances production contracted to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.3% against 2012 indices. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Synthetic Organic Tanning Substances

Exports from Kazakhstan

In 2021, shipments abroad of synthetic organic tanning substances was finally on the rise to reach X tons for the first time since 2013, thus ending a seven-year declining trend. Overall, exports, however, continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2013 when exports increased by 6.7% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic organic tanning substances exports reached $X in 2021. In general, exports, however, faced a deep setback. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for synthetic organic tanning substances exports from Kazakhstan, with a 91% share of total exports. Moreover, synthetic organic tanning substances exports to Egypt exceeded the volume sent to the second major destination, Saudi Arabia (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt totaled -22.4%.

In value terms, Egypt ($X) remains the key foreign market for synthetic organic tanning substances exports from Kazakhstan, comprising 90% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Egypt amounted to -17.1%.

Export Prices by Country

The average synthetic organic tanning substances export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, synthetic organic tanning substances export price increased by +84.8% against 2012 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 18%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Egypt stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+11.4%).

Imports of Synthetic Organic Tanning Substances

Imports into Kazakhstan

In 2021, supplies from abroad of synthetic organic tanning substances decreased by -25.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 491%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, synthetic organic tanning substances imports stood at $X in 2021. Overall, imports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 283%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest synthetic organic tanning substances supplier to Kazakhstan, accounting for a 48% share of total imports. Moreover, synthetic organic tanning substances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Iran (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+76.1% per year) and Iran (-8.6% per year).

In value terms, China ($X), Germany ($X) and Turkey ($X) constituted the largest synthetic organic tanning substances suppliers to Kazakhstan, together comprising 85% of total imports.

Among the main suppliers, Germany, with a CAGR of +63.5%, 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

The average synthetic organic tanning substances import price stood at $X per ton in 2021, rising by 37% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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