Central Asia: Market for Processed Petroleum Oils and Distillates 2023

Market Size for Processed Petroleum Oils and Distillates in Central Asia

In 2021, after two years of decline, there was significant growth in the Central Asian market for processed petroleum oils and distillates, when its value increased by 9.7% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, 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 fell markedly to $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 23%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports in Central Asia

In 2021, shipments abroad of processed petroleum oils and distillates was finally on the rise to reach X tons after three years of decline. Overall, exports, however, saw a deep reduction. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 49% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, amounting to X tons, which was approx. 86% of total exports in 2021. Uzbekistan (X tons) held the second position in the ranking, followed by Kyrgyzstan (X tons). All these countries together took near 14% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of -7.5% from 2012 to 2021. At the same time, Kyrgyzstan (+5.6%) and Uzbekistan (+4.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +5.6% from 2012-2021. From 2012 to 2021, the share of Uzbekistan and Kyrgyzstan increased by +8.3 and +3.8 percentage points, respectively.

In value terms, Kazakhstan ($X) remains the largest processed petroleum oils and distillates supplier in Central Asia, comprising 86% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 6.7% share of total exports.

In Kazakhstan, processed petroleum oils and distillates exports plunged by an average annual rate of -13.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (-6.2% per year) and Uzbekistan (+2.6% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2017 an increase of 31% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in Central Asia

In 2021, overseas purchases of processed petroleum oils and distillates increased by 26% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates imports surged to $X in 2021. In general, imports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mongolia (X tons), Kyrgyzstan (X tons) and Uzbekistan (X tons) was the key importer of processed petroleum oils and distillates in Central Asia, comprising 81% of total import. Kazakhstan (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (7.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed petroleum oils and distillates importing markets in Central Asia were Mongolia ($X), Kyrgyzstan ($X) and Uzbekistan ($X), together comprising 75% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +7.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, picking up by 2.8% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when the import price increased by 23%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :