Central Asia: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Central Asia

After three years of growth, the Central Asian worked wax articles market decreased by X% to $X in 2022. In general, consumption recorded strong growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Worked Wax Articles Production in Central Asia

In value terms, worked wax articles production reached $X in 2022 estimated in export price. Overall, production recorded a strong increase. The pace of growth appeared the most rapid in 2013 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.

Worked Wax Articles Exports

Exports in Central Asia

In 2022, overseas shipments of worked articles of wax were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, worked wax articles exports shrank to $X in 2022. Over the period under review, exports posted tangible growth. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kyrgyzstan was the key exporter of worked articles of wax in Central Asia, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Kazakhstan (X units), comprising an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to worked wax articles exports from Kyrgyzstan 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. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) emerged as the largest worked wax articles supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

In Kyrgyzstan, worked wax articles exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, falling by X% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a 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 Kyrgyzstan ($X per unit), while Kazakhstan totaled $X per unit.

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

Worked Wax Articles Imports

Imports in Central Asia

In 2022, after two years of decline, there was significant growth in overseas purchases of worked articles of wax, when their volume increased by X% to X units. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, worked wax articles imports skyrocketed to $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Uzbekistan (X units) and Kazakhstan (X units) prevails in imports structure, together achieving X% of total imports. It was distantly followed by Kyrgyzstan (X units), mixing up a X% share of total imports. The following importers - Mongolia (X units) and Tajikistan (X units) - each amounted to a X% share of total imports.

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, Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kyrgyzstan and Tajikistan lagged somewhat behind, together comprising a further X%.

Tajikistan, 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

The import price in Central Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 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 Mongolia ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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