Uzbekistan: Amino-Resin Market 2024

Amino-Resin Market Size in Uzbekistan

The Uzbek amino-resin market declined slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated prominent 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 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Amino-Resin Production in Uzbekistan

In value terms, amino-resin production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Amino-Resin Exports

Exports from Uzbekistan

In 2022, shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, amino-resin exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tajikistan (X tons) was the main destination for amino-resin exports from Uzbekistan, accounting for a X% share of total exports. Moreover, amino-resin exports to Tajikistan exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold.

From 2018 to 2022, the average annual growth rate of volume to Tajikistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Russia (X% per year).

In value terms, the largest markets for amino-resin exported from Uzbekistan were Kazakhstan ($X), Russia ($X) and Tajikistan ($X), together accounting for X% of total exports.

Among the main countries of destination, Kazakhstan, with a CAGR of X.8%, 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

In 2022, the average amino-resin export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The export price peaked at $X per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%).

Amino-Resin Imports

Imports into Uzbekistan

In 2022, approx. X tons of amino-resins, phenolic resins and polyurethanes (in primary forms) were imported into Uzbekistan; jumping by X% on the previous year. Over the period under review, total imports indicated strong growth from 2017 to 2022: its volume increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, amino-resin imports surged to $X in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of amino-resin imports to Uzbekistan, with a combined X% share of total imports. South Korea, Saudi Arabia, the Netherlands, Portugal, Kazakhstan and Italy lagged somewhat behind, together comprising a further X%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amino-resin suppliers to Uzbekistan were Russia ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. Turkey, Saudi Arabia, the Netherlands, Portugal, Kazakhstan and Italy lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average amino-resin import price amounted to $X per ton, surging by X% against the previous year. Over the last five years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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