Central Asia: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Central Asia

For the fourth consecutive year, the Central Asian iron oxide pigment market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Iron Oxide Pigment Production in Central Asia

In value terms, iron oxide pigment production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Iron Oxide Pigment Exports

Exports in Central Asia

After four years of decline, overseas shipments of iron oxide pigments increased by X% to X tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, iron oxide pigment exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Uzbekistan (X tons) was the key exporter of iron oxide pigments, constituting X% of total exports. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to iron oxide pigment exports from Uzbekistan stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

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

In Uzbekistan, iron oxide pigment exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

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

Iron Oxide Pigment Imports

Imports in Central Asia

In 2022, supplies from abroad of iron oxide pigments was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, iron oxide pigment imports surged to $X in 2022. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 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

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in imports structure, together creating X% of total imports. It was distantly followed by Turkmenistan (X tons), committing an X% share of total imports. Kyrgyzstan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron oxide pigment importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), together accounting for X% of total imports.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to 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, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 ($X per ton), while Tajikistan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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