Central Asia: Organic Pigments Market 2024

Organic Pigments Market Size in Central Asia

In 2022, the Central Asian organic pigments market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Organic Pigments Production in Central Asia

In value terms, organic pigments production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Organic Pigments Exports

Exports in Central Asia

In 2022, shipments abroad of synthetic organic coloring matter and pigments decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports expanded significantly to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Kazakhstan was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Uzbekistan (X tons) and Turkmenistan (X tons), together committing a X% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Turkmenistan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Turkmenistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest organic pigments supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Uzbekistan, organic pigments exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Organic Pigments Imports

Imports in Central Asia

In 2022, supplies from abroad of synthetic organic coloring matter and pigments was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, organic pigments imports stood at $X in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Uzbekistan dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons) and Turkmenistan (X tons), together generating a X% share of total imports. Kyrgyzstan (X tons) and Tajikistan (X tons) took a little share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Tajikistan (X%), Kazakhstan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported synthetic organic coloring matter and pigments in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

In Uzbekistan, organic pigments imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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