Uzbekistan: Organic Pigments Market 2024

Organic Pigments Market Size in Uzbekistan

The Uzbek organic pigments market declined to $X in 2021, which is down by -12% against the previous year. Overall, consumption showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Organic Pigments Production in Uzbekistan

In value terms, organic pigments production totaled $X in 2021 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Organic Pigments Exports

Exports from Uzbekistan

In 2021, the amount of synthetic organic coloring matter and pigments exported from Uzbekistan fell significantly to X tons, dropping by -77.1% against 2020 figures. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 790% against the previous year. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, organic pigments exports soared to $X in 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 496%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for organic pigments exports from Uzbekistan, accounting for a 624% share of total exports. Moreover, organic pigments exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled +99.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+102.3% per year) and Turkey (+62.5% per year).

In value terms, Kazakhstan ($X), Turkey ($X) and Kyrgyzstan ($X) appeared to be the largest markets for organic pigments exported from Uzbekistan worldwide, with a combined 100% share of total exports.

Turkey, with a CAGR of +223.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average organic pigments export price amounted to $X per ton, surging by 536% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+98.8%), while the prices for the other major destinations experienced more modest paces of growth.

Organic Pigments Imports

Imports into Uzbekistan

In 2021, supplies from abroad of synthetic organic coloring matter and pigments decreased by -35.8% to X tons, falling for the second consecutive year after three years of growth. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 16% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, organic pigments imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +11.8% over the period from 2017 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), India (X tons) and South Korea (X tons) were the main suppliers of organic pigments imports to Uzbekistan.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), India ($X) and South Korea ($X) constituted the largest organic pigments suppliers to Uzbekistan, with a combined 67% share of total imports.

Among the main suppliers, India, with a CAGR of +30.9%, 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

In 2021, the average organic pigments import price amounted to $X per ton, surging by 94% against the previous year. Over the period under review, the import price recorded a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and Russia ($X per ton), while the price for Turkey ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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