Uzbekistan: Amino-Resin Market 2024

Amino-Resin Market Size in Uzbekistan

The Uzbek amino-resin market declined modestly to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Amino-Resin Production in Uzbekistan

In value terms, amino-resin production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Amino-resin production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Amino-Resin Exports

Exports from Uzbekistan

In 2022, overseas shipments of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a sharp decrease. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, amino-resin exports soared to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan (X tons) was the main destination for amino-resin exports from Uzbekistan, with a X% share of total exports. Moreover, amino-resin exports to Tajikistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Tajikistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Russia (X% per year).

In value terms, the largest markets for amino-resin exported from Uzbekistan were Kazakhstan ($X), Russia ($X) and Tajikistan ($X), together accounting for X% of total exports.

Kazakhstan, with a CAGR of X.8%, 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

In 2022, the average amino-resin export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price decreased by X%. The export price peaked at $X per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan ($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 Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Amino-Resin Imports

Imports into Uzbekistan

In 2022, amino-resin imports into Uzbekistan soared to X tons, with an increase of X% on the previous year. Overall, total imports indicated a buoyant expansion from 2017 to 2022: its volume increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, amino-resin imports soared to $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of amino-resin imports to Uzbekistan, together accounting for X% of total imports. South Korea, Saudi Arabia, the Netherlands, Portugal, Kazakhstan and Italy lagged somewhat behind, together accounting for a further X%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amino-resin suppliers to Uzbekistan were Russia ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. Turkey, Saudi Arabia, the Netherlands, Portugal, Kazakhstan and Italy lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 amino-resin import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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