Central Asia: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Central Asia

In 2022, the Central Asian petroleum bitumen market increased by X% to $X, rising for the sixth year in a row after four years of decline. The total consumption indicated tangible 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 increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Petroleum Bitumen Production in Central Asia

In value terms, petroleum bitumen production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Petroleum Bitumen Exports

Exports in Central Asia

In 2022, petroleum bitumen exports in Central Asia fell markedly to X tons, with a decrease of X% against the previous year. Over the period under review, exports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, petroleum bitumen exports fell notably to $X in 2022. In general, exports saw a slight decrease. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkmenistan was the largest exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkmenistan (with a CAGR of X%).

In value terms, the largest petroleum bitumen supplying countries in Central Asia were Turkmenistan ($X) and Kazakhstan ($X).

In terms of the main exporting countries, Turkmenistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

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. Overall, the export price recorded a pronounced decline. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum 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 Turkmenistan amounted to $X per ton.

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

Petroleum Bitumen Imports

Imports in Central Asia

Petroleum bitumen imports reached X tons in 2022, increasing by X% on 2021 figures. Over the period under review, imports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, petroleum bitumen imports reached $X in 2022. Overall, imports, however, recorded a pronounced reduction. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Uzbekistan represented the main importer of petroleum bitumen in Central Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Kazakhstan (X tons) held the second position in the ranking, followed by Turkmenistan (X tons), Mongolia (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons). All these countries together took near X% share of total imports.

Uzbekistan was also the fastest-growing in terms of the petroleum bitumen imports, with a CAGR of X% from 2012 to 2022. At the same time, Tajikistan (X%) displayed positive paces of growth. Mongolia experienced a relatively flat trend pattern. By contrast, Turkmenistan (X%), Kyrgyzstan (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Tajikistan, Mongolia and Turkmenistan increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported petroleum bitumen in Central Asia, comprising X% of total imports. The second position in the ranking was held by Mongolia ($X), with an X% share of total imports. It was followed by Tajikistan, with an X% share.

In Uzbekistan, petroleum bitumen imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per ton), while Turkmenistan ($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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