Report Update Apr 1, 2024

Central Asia - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Salicylic Acid Market 2024

Salicylic Acid Exports

Exports in Central Asia

In 2021, the amount of salicylic acid and its salts exported in Central Asia skyrocketed to X kg, growing by 260% compared with 2020. Overall, exports posted significant growth. The growth pace was the most rapid in 2016 when exports increased by 753% against the previous year. The volume of export peaked at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, salicylic acid exports surged to $X in 2021. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2016 when exports increased by 1,969%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of salicylic acid and its salts, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the salicylic acid and its salts exports, with a CAGR of +41.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest salicylic acid supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at +72.9%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, jumping by 24% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2018 when the export price increased by 150%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +22.3% per year.

Salicylic Acid Imports

Imports in Central Asia

For the third consecutive year, Central Asia recorded growth in supplies from abroad of salicylic acid and its salts, which increased by 44% to X tons in 2021. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 when imports increased by 3,712% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, salicylic acid imports dropped to $X in 2021. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 1,638%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Uzbekistan dominates imports structure, resulting at X tons, which was near 97% of total imports in 2021. Kazakhstan (X tons) held a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the salicylic acid and its salts imports, with a CAGR of +10.9% from 2012 to 2021. Kazakhstan experienced a relatively flat trend pattern. While the share of Uzbekistan (+97 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-64.4 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported salicylic acid and its salts in Central Asia, comprising 89% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 8.4% share of total imports.

In Uzbekistan, salicylic acid imports contracted by an average annual rate of -9.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, waning by -31% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 43% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 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, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-1.7%).

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Frequently Asked Questions (FAQ) :

What are the largest markets for salicylic acid and its salts in Central Asia?

The country with the largest volume of salicylic acid consumption was Uzbekistan, accounting for 97% of total volume. It was followed by Kazakhstan, with a 2.3% share of total consumption.

What are the leading suppliers of salicylic acid and its salts in Central Asia?

In value terms, Kazakhstan remains the largest salicylic acid supplier in Central Asia.

What are the leading importers of salicylic acid and its salts in Central Asia?

In value terms, Uzbekistan constitutes the largest market for imported salicylic acid and its salts in Central Asia, comprising 89% of total imports. The second position in the ranking was taken by Kazakhstan, with an 8.4% share of total imports.

What is the average export price for salicylic acid and its salts in Central Asia?

In 2021, the export price in Central Asia amounted to $13,811 per ton, rising by 24% against the previous year.

What is the average import price for salicylic acid and its salts in Central Asia?

In 2021, the import price in Central Asia amounted to $1,659 per ton, which is down by -31% against the previous year.

This report provides an in-depth analysis of the salicylic acid market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21101030 - Salicylic acid and its salts

Country coverage:

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Central Asia, split by region and country
Trade (exports and imports) in Central Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023