Report Update Nov 1, 2024

Uzbekistan - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Uzbekistan

The Uzbek industrial stearic acid market reduced to $X in 2021, waning by -2.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 3.6% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Industrial Stearic Acid Production in Uzbekistan

In value terms, industrial stearic acid production fell modestly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 4.1% against the previous year. Industrial stearic acid production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Industrial Stearic Acid Exports

Exports by Country

Tajikistan (X tons) was the main destination for industrial stearic acid exports from Uzbekistan, with a approx. 100% share of total exports.

From 2020 to 2020, the average annual rate of growth in terms of volume to Tajikistan was relatively modest.

From 2020 to 2020, the average annual rate of growth in terms of value to Tajikistan was relatively modest.

Industrial Stearic Acid Imports

Imports into Uzbekistan

In 2021, approx. X tons of industrial stearic acid were imported into Uzbekistan; shrinking by -11.4% compared with the year before. Over the period under review, total imports indicated a buoyant increase from 2017 to 2021: its volume increased at an average annual rate of +13.6% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 87%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, industrial stearic acid imports surged to $X in 2021. In general, total imports indicated a significant expansion from 2017 to 2021: its value increased at an average annual rate of +21.3% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.6% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 76%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest industrial stearic acid supplier to Uzbekistan, with a 53% share of total imports. Moreover, industrial stearic acid imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a 9.4% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +58.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.0% per year) and Malaysia (+10.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial stearic acid to Uzbekistan, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Malaysia, with a 9.6% share.

From 2017 to 2021, the average annual growth rate of value from Indonesia amounted to +67.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.5% per year) and Malaysia (+13.3% per year).

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2021, growing by 44% against the previous year. Overall, import price indicated a buoyant expansion from 2017 to 2021: its price increased at an average annual rate of +6.7% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial stearic acid import price increased by +48.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from South Korea ($X per ton) and Indonesia ($X per ton), while the price for Turkey ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the world?

China remains the largest industrial stearic acid consuming country worldwide, accounting for 26% of total volume. Moreover, industrial stearic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of industrial stearic acid in the world?

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, together comprising 51% of global production.

What are the leading suppliers of industrial stearic acid to Uzbekistan?

In value terms, the largest industrial stearic acid suppliers to Uzbekistan were China, Indonesia and Malaysia, with a combined 93% share of total imports.

What is the average export price for industrial stearic acid in Uzbekistan?

In 2020, the average industrial stearic acid export price amounted to $1,712 per ton, leveling off at the previous year.

What is the average import price for industrial stearic acid in Uzbekistan?

In 2020, the average industrial stearic acid import price amounted to $1,019 per ton, dropping by -21.7% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in Uzbekistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uzbekistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023