Central Asia: Organic Pigments Market 2024

Organic Pigments Market Size in Central Asia

In 2023, the Central Asian organic pigments market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Organic Pigments Production in Central Asia

In value terms, organic pigments production rose significantly to $X in 2023 estimated in export price. Overall, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Organic Pigments Exports

Exports in Central Asia

In 2023, approx. X tons of synthetic organic coloring matter and pigments were exported in Central Asia; reducing by X% on 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2022, and then fell notably in the following year.

In value terms, organic pigments exports declined to $X in 2023. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then declined in the following year.

Exports by Country

Uzbekistan represented the main exporter of synthetic organic coloring matter and pigments in Central Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Kazakhstan (X tons) and Turkmenistan (X tons), together generating a X% share of total exports. Tajikistan (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to organic pigments exports from Uzbekistan stood at X%. At the same time, Turkmenistan (X%), Tajikistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan and Turkmenistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Uzbekistan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Organic Pigments Imports

Imports in Central Asia

In 2023, purchases abroad of synthetic organic coloring matter and pigments increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, organic pigments imports rose remarkably to $X in 2023. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

Uzbekistan prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Turkmenistan (X%). The following importers - Tajikistan (X tons) and Kyrgyzstan (X tons) - each reached a X% share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%), Tajikistan (X%), Turkmenistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan increased by X percentage points.

In value terms, Uzbekistan ($X) constitutes the largest market for imported synthetic organic coloring matter and pigments in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Uzbekistan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform