Central Asia: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Central Asia

In 2022, the Central Asian market for processed petroleum oils and distillates increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a mild downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Processed Petroleum Oils and Distillates in Central Asia

In value terms, processed petroleum oils and distillates production declined to $X in 2022 estimated in export price. Overall, production showed a perceptible descent. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Exports of Processed Petroleum Oils and Distillates

Exports in Central Asia

Processed petroleum oils and distillates exports contracted remarkably to X tons in 2022, which is down by X% against the previous year. In general, exports showed a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates exports fell notably to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan represented the key exporting country with an export of around X tons, which amounted to X% of total exports. Turkmenistan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (X%). Uzbekistan (X tons) followed a long way behind the leaders.

Exports from Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. Turkmenistan (X p.p.), Kyrgyzstan (X p.p.) and 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, the largest processed petroleum oils and distillates supplying countries in Central Asia were Kazakhstan ($X), Turkmenistan ($X) and Kyrgyzstan ($X), with a combined X% share of total exports. Uzbekistan lagged somewhat behind, comprising a further X%.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton 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 Uzbekistan ($X per ton), while Kazakhstan ($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 a decline in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in Central Asia

In 2022, purchases abroad of processed petroleum oils and distillates increased by X% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a strong expansion 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 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, processed petroleum oils and distillates imports rose notably to $X in 2022. In general, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kyrgyzstan (X tons), distantly followed by Mongolia (X tons), Kazakhstan (X tons), Uzbekistan (X tons) and Tajikistan (X tons) represented the key importers of processed petroleum oils and distillates, together achieving X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X), Mongolia ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Uzbekistan and Tajikistan lagged somewhat behind, together accounting for a further X%.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Uzbekistan ($X per ton), while Kyrgyzstan ($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 a decline in the import price figures.

Source: IndexBox Platform

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