Nitrile-Function Compounds Price in Kazakhstan - 2021

Nitrile-Function Compounds Price in Kazakhstan (CIF) - 2022

The average nitrile-function compounds import price stood at $29,934 per ton in 2022, rising by 44% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2017 when the average import price increased by 380% against the previous year. As a result, import price attained the peak level of $76,553 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 ($41,154 per ton), while the price for Germany ($12,195 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-18.5%), while the prices for the other major suppliers experienced a decline.

Nitrile-Function Compounds Price in Kazakhstan (FOB) - 2022

In 2022, the average nitrile-function compounds export price amounted to $14,629 per ton, surging by 178% against the previous year. Overall, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Belarus ($60,453 per ton), while the average price for exports to Russia stood at $6,031 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.2%).

Nitrile-Function Compounds Imports in Kazakhstan

In 2022, the amount of nitrile-function compoundses imported into Kazakhstan fell to 23 tons, waning by -15% compared with the previous year. In general, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 27 tons, and then declined in the following year.

In value terms, nitrile-function compounds imports skyrocketed to $689K in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Nitrile-Function Compounds in Kazakhstan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	478	354	438	566	5.8%
Germany	36.8	10.0	12.7	61.4	18.6%
France	31.7	33.9	32.3	57.2	21.7%
Poland	6.6	6.3	6.5	N/A	-0.8%
Belarus	18.2	13.9	10.9	N/A	-22.6%
Israel	7.1	5.8	4.9	N/A	-16.9%
Turkey	6.2	5.9	6.3	N/A	0.8%
Others	27.5	29.2	52.5	4.1	-47.0%
Total	612	459	564	689	4.0%

Top Suppliers of Nitrile-Function Compounds to Kazakhstan in 2022:

China (13.8 tons)
Germany (5.0 tons)
France (4.1 tons)

Nitrile-Function Compounds Exports in Kazakhstan

For the third consecutive year, Kazakhstan recorded decline in shipments abroad of nitrile-function compoundses, which decreased by -28% to 1.3 tons in 2022. In general, exports recorded a abrupt curtailment. The smallest decline of -13.9% was in 2020.

In value terms, nitrile-function compounds exports soared to $19K in 2022. Overall, exports, however, enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.