Uzbekistan: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Uzbekistan

In 2022, the Uzbek synthetic organic colouring matters market increased by 9.5% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a noticeable contraction. Synthetic organic colouring matters consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Uzbekistan

In value terms, synthetic organic colouring matters production fell to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 61%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Other Synthetic Organic Colouring Matters

Exports from Uzbekistan

For the fourth year in a row, Uzbekistan recorded growth in overseas shipments of other synthetic organic colouring matters, which increased by 63% to X tons in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 579% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, synthetic organic colouring matters exports surged to $X in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 761% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkmenistan (X tons), Tajikistan (X tons) and Russia (X tons) were the main destinations of synthetic organic colouring matters exports from Uzbekistan, with a combined 92% share of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +193.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkmenistan ($X), Tajikistan ($X) and Russia ($X) were the largest markets for synthetic organic colouring matters exported from Uzbekistan worldwide, together accounting for 96% of total exports.

Tajikistan, with a CAGR of +310.3%, 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 synthetic organic colouring matters export price amounted to $X per ton, surging by 50% against the previous year. Over the period under review, the export price showed a significant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 61% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+81.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Uzbekistan

For the sixth consecutive year, Uzbekistan recorded growth in overseas purchases of other synthetic organic colouring matters, which increased by 6.1% to X tons in 2022. The total import volume increased at an average annual rate of +7.7% over the period from 2017 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 16%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, synthetic organic colouring matters imports expanded remarkably to $X in 2022. In general, total imports indicated strong growth from 2017 to 2022: its value increased at an average annual rate of +11.6% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by 21%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of synthetic organic colouring matters imports to Uzbekistan, with a combined 90% share of total imports.

From 2017 to 2022, the biggest increases were recorded for India (with a CAGR of +45.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and South Korea ($X) were the largest synthetic organic colouring matters suppliers to Uzbekistan, with a combined 88% share of total imports.

In terms of the main suppliers, India, with a CAGR of +53.5%, recorded 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 colouring matters import price stood at $X per ton in 2022, increasing by 8.3% against the previous year. Over the last five years, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2021 an increase of 11%. 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 China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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