Uzbekistan: Acetic Acid Market 2024

Acetic Acid Market Size in Uzbekistan

The Uzbek acetic acid market rose significantly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a significant expansion. Acetic acid consumption peaked in 2022 and is likely to see gradual growth in the near future.

Acetic Acid Production in Uzbekistan

In value terms, acetic acid production reached $X in 2022 estimated in export price. Overall, production showed a perceptible increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Acetic acid production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Acetic Acid Exports

Exports from Uzbekistan

Acetic acid exports from Uzbekistan reduced markedly to X tons in 2022, with a decrease of X% compared with 2021. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, acetic acid exports contracted dramatically to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

Russia (X tons) was the main destination for acetic acid exports from Uzbekistan, with a X% share of total exports. Moreover, acetic acid exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Kyrgyzstan (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Russia ($X) remains the key foreign market for acetic acid exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

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

Export Prices by Country

In 2022, the average acetic acid export price amounted to $X per ton, which is down by X% against the previous year. In general, export price indicated a remarkable increase from 2018 to 2022: its price increased at an average annual rate of X% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acetic acid export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Tajikistan ($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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Uzbekistan

Acetic acid imports into Uzbekistan skyrocketed to X tons in 2022, with an increase of X% against the previous year's figure. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, acetic acid imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of acetic acid to Uzbekistan, with a X% share of total imports. Moreover, acetic acid imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Russia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of acetic acid to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the average acetic acid import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform