Central Asia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Central Asia

The Central Asian market for polyethylene with a specific gravity of less than X, in primary forms totaled $X in 2021, growing by 6.3% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Central Asia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms fell slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 131% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Central Asia

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -61.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,444% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020, and then dropped notably in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms dropped significantly to $X in 2021. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 845% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Uzbekistan represented the major exporter of polyethylene with a specific gravity of less than X, in primary forms in Central Asia, with the volume of exports finishing at X tons, which was approx. 55% of total exports in 2021. Turkmenistan (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Tajikistan (12%) and Kazakhstan (10%).

Exports from Uzbekistan decreased at an average annual rate of -28.6% from 2012 to 2021. At the same time, Tajikistan (+34.5%) and Turkmenistan (+11.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +34.5% from 2012-2021. By contrast, Kazakhstan (-1.1%) illustrated a downward trend over the same period. While the share of Uzbekistan (+55 p.p.), Turkmenistan (+22 p.p.) and Tajikistan (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-66.3 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest polyethylene with a specific gravity of less than X supplier in Central Asia, comprising 64% of total exports. The second position in the ranking was taken by Tajikistan ($X), with an 18% share of total exports. It was followed by Kazakhstan, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan stood at -21.6%. In the other countries, the average annual rates were as follows: Tajikistan (+39.8% per year) and Kazakhstan (-1.7% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, picking up by 65% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood 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 Tajikistan ($X per ton), while Turkmenistan ($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 (+9.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Central Asia

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported in Central Asia expanded markedly to X tons, growing by 9% compared with 2020. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 48% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) prevails in forms structure, together committing 89% of total imports. It was distantly followed by Kyrgyzstan (X tons), constituting a 4.6% share of total imports. The following importers - Mongolia (X tons) and Tajikistan (X tons) - each finished at a 6.8% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined 94% share of total imports.

Uzbekistan, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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, rising by 59% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($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 (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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