Central Asia: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Central Asia

The Central Asian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption showed a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Central Asia

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 146%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in Central Asia

After two years of decline, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 9.5% to X tons in 2022. Overall, exports, however, faced a deep slump. The growth pace was the most rapid in 2018 with an increase of 170%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded notably to $X in 2022. Over the period under review, exports, however, faced a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 349% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of polyethylene terephthalate and other polyethylene terephthalate in primary forms, namely Tajikistan, represented more than two-thirds of total export.

Tajikistan was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms exports, with a CAGR of -3.7% from 2012 to 2022. While the share of Tajikistan (+63 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X) also remains the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier in Central Asia.

In Tajikistan, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms plunged by an average annual rate of -7.2% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by 2% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 67%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Tajikistan amounted to -3.6% per year.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in Central Asia

In 2022, after three years of growth, there was decline in purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by -2.4% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 55% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted modestly to $X in 2022. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 63% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the largest importing country with an import of about X tons, which resulted at 57% of total imports. It was distantly followed by Mongolia (X tons), Turkmenistan (X tons) and Tajikistan (X tons), together creating a 43% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene terephthalate and other polyethylene terephthalate in primary forms imports into Kazakhstan stood at -2.5%. At the same time, Turkmenistan (+27.0%), Mongolia (+11.9%) and Tajikistan (+6.2%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +27.0% from 2012-2022. From 2012 to 2022, the share of Turkmenistan, Mongolia and Tajikistan increased by +14, +14 and +3.3 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in Central Asia, comprising 58% of total imports. The second position in the ranking was held by Mongolia ($X), with a 21% share of total imports. It was followed by Turkmenistan, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at -8.8%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+7.3% per year) and Turkmenistan (+18.9% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by 5.1%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mongolia ($X per ton) and Kazakhstan ($X per ton), while Turkmenistan ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (-4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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