Central Asia: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Central Asia

The Central Asian polymethyl methacrylate market expanded modestly to $X in 2022, increasing by 4.6% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Polymethyl Methacrylate Production in Central Asia

In value terms, polymethyl methacrylate production stood at $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +13.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 23%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports in Central Asia

In 2022, the amount of polymethyl methacrylate in primary forms exported in Central Asia was estimated at X tons, remaining relatively unchanged against the year before. In general, exports recorded a strong increase. The growth pace was the most rapid in 2014 when exports increased by 238% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports soared to $X in 2022. Overall, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 174%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, reaching X tons, which was near 97% of total exports in 2022. Uzbekistan (X tons) took a minor share of total exports.

Kazakhstan was also the fastest-growing in terms of the polymethyl methacrylate in primary forms exports, with a CAGR of +9.4% from 2012 to 2022. Uzbekistan (-18.2%) illustrated a downward trend over the same period. While the share of Uzbekistan (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-3 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest polymethyl methacrylate supplier in Central Asia, comprising 78% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled -10.6%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by 16% against the previous year. Overall, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 212% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-18.4%).

Polymethyl Methacrylate Imports

Imports in Central Asia

In 2022, polymethyl methacrylate imports in Central Asia declined to X tons, shrinking by -11.1% compared with the year before. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 339% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, polymethyl methacrylate imports contracted slightly to $X in 2022. Over the period under review, imports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2017 when imports increased by 153%. Over the period under review, imports hit record highs at $X in 2021, and then declined slightly in the following year.

Imports by Country

Uzbekistan represented the largest importer of polymethyl methacrylate in primary forms in Central Asia, with the volume of imports finishing at X tons, which was approx. 72% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), mixing up a 23% share of total imports. Tajikistan (X tons) took a relatively small share of total imports.

Imports into Uzbekistan increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, Tajikistan (+27.2%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +27.2% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. Uzbekistan (+72 p.p.) and Tajikistan (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -65.8% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in Central Asia, comprising 64% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan stood at +14.1%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-5.6% per year) and Tajikistan (+0.3% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, surging by 10% against the previous year. In general, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 25%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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