Central Asia: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in Central Asia

The Central Asian monocarboxylic acid market contracted to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption continues to indicate a slight curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Monocarboxylic Acid Production in Central Asia

In value terms, monocarboxylic acid production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decline. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Monocarboxylic Acid Exports

Exports in Central Asia

After five years of growth, overseas shipments of acrylic acid and its salts and other monocarboxylic acid decreased by X% to X tons in 2022. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, monocarboxylic acid exports shrank dramatically to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) dominates exports structure, together constituting X% of total exports. It was distantly followed by Mongolia (X kg), comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mongolia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the largest monocarboxylic acid supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports.

In Kazakhstan, monocarboxylic acid exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Monocarboxylic Acid Imports

Imports in Central Asia

In 2022, overseas purchases of acrylic acid and its salts and other monocarboxylic acid increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, monocarboxylic acid imports soared to $X in 2022. Overall, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Uzbekistan (X tons) was the major importer of acrylic acid and its salts and other monocarboxylic acid, making up X% of total imports. It was distantly followed by Kazakhstan (X tons), creating a X% share of total imports. The following importers - Kyrgyzstan (X tons) and Mongolia (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform