Central Asia: Polyamide Market 2024

Polyamide Market Size in Central Asia

The Central Asian polyamide market amounted to $X in 2021, picking up by 4.4% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Polyamide Production in Central Asia

In value terms, polyamide production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 56%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Polyamide Exports

Exports in Central Asia

In 2021, after three years of growth, there was significant decline in shipments abroad of polyamides (in primary forms), when their volume decreased by -66.7% to X tons. Over the period under review, exports showed a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 449%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyamide exports declined markedly to $X in 2021. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 270% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan dominates exports structure, resulting at X tons, which was near 97% of total exports in 2021. Uzbekistan (X kg) followed a long way behind the leaders.

Exports from Kazakhstan decreased at an average annual rate of -20.3% from 2012 to 2021. Uzbekistan experienced a relatively flat trend pattern. Uzbekistan (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -2.8% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest polyamide supplier in Central Asia, comprising 97% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 3.1% share of total exports.

In Kazakhstan, polyamide exports contracted by an average annual rate of -19.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, rising by 51% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.0%).

Polyamide Imports

Imports in Central Asia

In 2021, polyamide imports in Central Asia surged to X tons, growing by 32% compared with 2020 figures. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 176%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, polyamide imports skyrocketed to $X in 2021. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 226% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Kazakhstan (X tons) was the major importer of polyamides (in primary forms), comprising 62% of total imports. It was distantly followed by Uzbekistan (X tons), comprising a 36% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkmenistan (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X) were the countries with the highest levels of imports in 2021, with a combined 100% share of total imports.

Uzbekistan, with a CAGR of +18.3%, 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

In 2021, the import price in Central Asia amounted to $X per ton, jumping by 40% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 50%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($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 (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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