
Uzbekistan - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Uzbekistan: Acetic Acid Market 2022
Acetic Acid Market Size in Uzbekistan
In 2021, the Uzbek acetic acid market decreased by -8.4% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.
Acetic Acid Production in Uzbekistan
In value terms, acetic acid production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 80% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.
Acetic Acid Exports
Exports from Uzbekistan
In 2021, after two years of decline, there was significant growth in overseas shipments of acetic acid, when their volume increased by 12,500% to X tons. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, acetic acid exports soared to $X in 2021. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Russia (X tons), Ukraine (X tons) and Kyrgyzstan (X tons) were the main destinations of acetic acid exports from Uzbekistan, together comprising 86% of total exports. Kazakhstan and Tajikistan lagged somewhat behind, together accounting for a further 12%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +72.6%), while the other leaders experienced more modest paces of growth.
In value terms, Russia ($X), Ukraine ($X) and Kyrgyzstan ($X) were the largest markets for acetic acid exported from Uzbekistan worldwide, together accounting for 86% of total exports. Kazakhstan and Tajikistan lagged somewhat behind, together comprising a further 12%.
Among the main countries of destination, Tajikistan, with a CAGR of +126.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average acetic acid export price stood at $X per ton in 2021, with an increase of 63% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 78% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Kyrgyzstan ($X per ton) and Russia ($X per ton), while the average price for exports to Tajikistan ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Acetic Acid Imports
Imports into Uzbekistan
In 2021, the amount of acetic acid imported into Uzbekistan fell dramatically to X tons, shrinking by -36.7% compared with the previous year. Overall, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 168% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.
In value terms, acetic acid imports fell slightly to $X in 2021. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2019 with an increase of 184% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
Russia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of acetic acid imports to Uzbekistan, with a combined 100% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +48.2%), while imports for the other leaders experienced mixed trend patterns.
In value terms, Russia ($X), Turkey ($X) and China ($X) constituted the largest acetic acid suppliers to Uzbekistan, together comprising 100% of total imports.
China, with a CAGR of +74.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average acetic acid import price amounted to $X per ton, growing by 56% against the previous year. Overall, the import price continues to indicate notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+226.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the acetic acid market in Uzbekistan. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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