Central Asia: Fluoropolymers Market 2024

Fluoropolymers Market Size in Central Asia

After five years of growth, the Central Asian fluoropolymers market decreased by -7.8% to $X in 2021. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.9% against 2015 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Fluoropolymers Production in Central Asia

In value terms, fluoropolymers production contracted to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.4% against 2015 indices. The growth pace was the most rapid in 2020 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Fluoropolymers Exports

Exports in Central Asia

In 2021, overseas shipments of fluoropolymers increased by 10% to X kg, rising for the third year in a row after five years of decline. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 2,949%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fluoropolymers exports totaled $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,961%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of fluoropolymers, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the fluoropolymers exports, with a CAGR of +21.8% 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 fluoropolymers supplier in Central Asia.

In Kazakhstan, fluoropolymers exports increased at an average annual rate of +20.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, dropping by -7.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 61%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then contracted in the following year.

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 -0.8% per year.

Fluoropolymers Imports

Imports in Central Asia

In 2021, imports of fluoropolymers in Central Asia shrank slightly to X tons, falling by -4.9% compared with 2020. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by 320% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, fluoropolymers imports surged to $X in 2021. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 295% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Uzbekistan represented the largest importing country with an import of around X tons, which amounted to 78% of total imports. It was distantly followed by Kazakhstan (X tons), comprising an 18% share of total imports. Turkmenistan (X kg) held a relatively small share of total imports.

Imports into Uzbekistan increased at an average annual rate of +1.8% from 2012 to 2021. At the same time, Turkmenistan (+9.6%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +9.6% from 2012-2021. By contrast, Kazakhstan (-3.4%) illustrated a downward trend over the same period. While the share of Uzbekistan (+78 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-30.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported fluoropolymers in Central Asia, comprising 80% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 13% share of total imports.

In Uzbekistan, fluoropolymers imports declined by an average annual rate of -1.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (-5.3% per year) and Turkmenistan (+8.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, increasing by 24% against the previous year. Import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluoropolymers import price increased by +88.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 100%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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