Central Asia: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports in Central Asia

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported in Central Asia; growing by 25% compared with 2020 figures. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 143%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 53%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) was the key exporter of acrylic polymers, in primary forms (excluding polymethyl methacrylate), making up 68% of total exports. It was distantly followed by Uzbekistan (X tons), making up a 29% share of total exports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports, with a CAGR of +12.9% from 2012 to 2021. Uzbekistan experienced a relatively flat trend pattern. Kyrgyzstan (-11.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan increased by +28 percentage points.

In value terms, Kazakhstan ($X) remains the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier in Central Asia, comprising 84% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +14.8%. In the other countries, the average annual rates were as follows: Uzbekistan (-9.4% per year) and Kyrgyzstan (-15.2% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, which is down by -1.8% against the previous year. In general, the export price continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports in Central Asia

For the tenth year in a row, Central Asia recorded growth in purchases abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), which increased by 7.6% to X tons in 2021. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by 35% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in methacrylate) structure, together generating 84% of total imports. It was distantly followed by Tajikistan (X tons), achieving a 6.2% share of total imports. The following importers - Mongolia (X tons), Kyrgyzstan (X tons) and Turkmenistan (X tons) - each recorded a 9.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tajikistan (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined 90% share of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +14.9%, saw the highest growth rate of the value of imports, 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 ton in 2021, rising by 12% against the previous year. In general, the import price, however, continues to indicate a pronounced decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform