Central Asia: Ethanol Market 2024

Ethanol Market Size in Central Asia

The Central Asian ethanol market totaled $X in 2022, increasing by X% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Ethanol Production in Central Asia

In value terms, ethanol production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Ethanol Exports

Exports in Central Asia

Ethanol exports skyrocketed to X litres in 2022, rising by X% against the previous year's figure. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethanol exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, finishing at X litres, which was approx. X% of total exports in 2022. Kyrgyzstan (X litres) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the ethyl alcohol exports, with a CAGR of X% from 2012 to 2022. Kyrgyzstan (X%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per litre, waning by X% against the previous year. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Kyrgyzstan ($X per litre), while Kazakhstan stood at $X per litre.

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

Ethanol Imports

Imports in Central Asia

Ethanol imports shrank to X litres in 2022, falling by X% against the previous year's figure. Total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X litres in 2021, and then contracted in the following year.

In value terms, ethanol imports shrank to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkmenistan (X litres) represented the key importer of ethyl alcohol, creating X% of total imports. It was distantly followed by Kazakhstan (X litres), committing a X% share of total imports.

Turkmenistan experienced a relatively flat trend pattern with regard to volume of imports of ethyl alcohol. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (X p.p.) displayed negative dynamics.

In value terms, Turkmenistan ($X) constitutes the largest market for imported ethyl alcohol in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

In Turkmenistan, ethanol imports contracted by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Central Asia stood at $X per litre in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per litre), while Turkmenistan stood at $X per litre.

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

Source: IndexBox Platform

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