Central Asia: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Central Asia

In 2021, after four years of growth, there was significant decline in the Central Asian expansible polystyrene market, when its value decreased by -14.5% to $X. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.4% against 2016 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Expansible Polystyrene Production in Central Asia

In value terms, expansible polystyrene production contracted sharply to $X in 2021 estimated in export price. Overall, production, however, recorded measured growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 113% against the previous year. As a result, production attained the peak level of $X, and then dropped markedly in the following year.

Expansible Polystyrene Exports

Exports in Central Asia

In 2021, overseas shipments of expansible polystyrene in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 615%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, expansible polystyrene exports surged to $X in 2021. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,613%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X tons) represented roughly 99% of total exports in 2021.

Kazakhstan was also the fastest-growing in terms of the expansible polystyrene in primary forms exports, with a CAGR of +61.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest expansible polystyrene supplier in Central Asia.

In Kazakhstan, expansible polystyrene exports increased at an average annual rate of +75.1% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, surging by 37% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the export price increased by 139%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +8.2% per year.

Expansible Polystyrene Imports

Imports in Central Asia

In 2021, after four years of growth, there was significant decline in supplies from abroad of expansible polystyrene in primary forms, when their volume decreased by -24% to X tons. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 48%. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped notably in the following year.

In value terms, expansible polystyrene imports skyrocketed to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan represented the largest importer of expansible polystyrene in primary forms in Central Asia, with the volume of imports finishing at X tons, which was near 44% of total imports in 2021. Uzbekistan (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (23%) and Kyrgyzstan (6.9%). Turkmenistan (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkmenistan (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 90% of total imports. These countries were followed by Kyrgyzstan and Turkmenistan, which together accounted for a further 9.8%.

Turkmenistan, with a CAGR of +19.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, with an increase of 60% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Kyrgyzstan ($X per ton) and Uzbekistan ($X per ton), while Turkmenistan ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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