Central Asia: Market for Esters Of Acetic Acid (excluding Ethyl Acetate) 2024

Market Size for Esters Of Acetic Acid (excluding Ethyl Acetate) in Central Asia

The Central Asian market for esters of acetic acid (excluding ethyl acetate) skyrocketed to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Production of Esters Of Acetic Acid (excluding Ethyl Acetate) in Central Asia

In value terms, production of esters of acetic acid (excluding ethyl acetate) expanded significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Exports in Central Asia

In 2023, shipments abroad of esters of acetic acid (excluding ethyl acetate) decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then dropped sharply in the following year.

In value terms, exports of esters of acetic acid (excluding ethyl acetate) reduced rapidly to $X in 2023. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The shipments of the one major exporters of esters of acetic acid (excluding ethyl acetate), namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the esters of acetic acid (excluding ethyl acetate) exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest esters of acetic acid (excluding ethyl acetate) supplier in Central Asia.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan amounted to X%.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, 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 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Imports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Imports in Central Asia

In 2023, approx. X tons of esters of acetic acid (excluding ethyl acetate) were imported in Central Asia; growing by X% against the year before. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum in 2023 and are likely to see gradual growth in years to come.

In value terms, imports of esters of acetic acid (excluding ethyl acetate) rose remarkably to $X in 2023. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Imports by Country

Uzbekistan was the major importer of esters of acetic acid (excluding ethyl acetate) in Central Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Kazakhstan (X tons), constituting a X% share of total imports. Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to esters of acetic acid (excluding ethyl acetate) imports into Uzbekistan stood at X%. At the same time, Tajikistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported esters of acetic acid (excluding ethyl acetate) in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports.

In Uzbekistan, imports of esters of acetic acid (excluding ethyl acetate) increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform