Uzbekistan: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Uzbekistan

The Uzbek carboxylic acid market contracted modestly to $X in 2021, approximately mirroring the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Carboxylic Acid Production in Uzbekistan

In value terms, carboxylic acid production contracted modestly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 38%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Carboxylic Acid Exports

Exports from Uzbekistan

In 2021, the amount of carboxylic acid with alcohol, phenol, aldehyde or ketone functions exported from Uzbekistan stood at X tons, therefore, remained relatively stable against 2020 figures. Overall, exports saw a abrupt slump. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, carboxylic acid exports totaled $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for carboxylic acid exports from Uzbekistan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan was relatively modest.

Export Prices by Country

The average carboxylic acid export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to 0.0% per year.

Carboxylic Acid Imports

Imports into Uzbekistan

In 2021, overseas purchases of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by -0.7% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, total imports indicated prominent growth from 2017 to 2021: its volume increased at an average annual rate of +11.7% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.6% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 82% against the previous year. 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, carboxylic acid imports reduced modestly to $X in 2021. Overall, total imports indicated a prominent increase from 2017 to 2021: its value increased at an average annual rate of +11.7% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 70%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the Czech Republic (X tons) and Kazakhstan (X tons) were the main suppliers of carboxylic acid imports to Uzbekistan, together comprising 49% of total imports. South Korea, Russia, Italy, Turkey, Poland, India, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 32%.

From 2017 to 2021, the biggest increases were recorded for Russia (with a CAGR of +69.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid suppliers to Uzbekistan were China ($X), the Czech Republic ($X) and South Korea ($X), together accounting for 45% of total imports. Italy, Turkey, Russia, Kazakhstan, India, Belgium, Poland and the Netherlands lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, the Netherlands, with a CAGR of +82.2%, recorded the highest rates of growth with regard to 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 carboxylic acid import price stood at $X per ton in 2021, waning by -2.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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