Central Asia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Central Asia

The Central Asian polypropylene in primary forms market skyrocketed to $X in 2022, surging by 17% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Polypropylene in Primary Forms in Central Asia

In value terms, polypropylene in primary forms production fell to $X in 2022 estimated in export price. Overall, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Polypropylene in Primary Forms

Exports in Central Asia

In 2022, approx. X tons of polypropylene in primary forms were exported in Central Asia; growing by 5.6% against 2021. Overall, exports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports reduced to $X in 2022. Over the period under review, exports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkmenistan represented the key exporting country with an export of around X tons, which recorded 64% of total exports. Kazakhstan (X tons) took a 30% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (6.3%).

Turkmenistan was also the fastest-growing in terms of the polypropylene in primary forms exports, with a CAGR of -3.2% from 2012 to 2022. Kazakhstan (-3.9%) and Uzbekistan (-34.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan increased by +6.3 percentage points.

In value terms, the largest polypropylene in primary forms supplying countries in Central Asia were Turkmenistan ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined 100% share of total exports.

Among the main exporting countries, Kazakhstan, with a CAGR of -3.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, declining by -12.2% against the previous year. Over the period under review, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by 59% against the previous year. Over the period under review, the export prices reached 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 ($X per ton), while Turkmenistan ($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 (+16.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polypropylene in Primary Forms

Imports in Central Asia

In 2022, approx. X tons of polypropylene in primary forms were imported in Central Asia; rising by 56% against 2021 figures. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 184% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, polypropylene in primary forms imports skyrocketed to $X in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2017 when imports increased by 204%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Uzbekistan (X tons) was the main importer of polypropylene in primary forms, creating 71% of total imports. It was distantly followed by Kazakhstan (X tons), making up a 24% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

Uzbekistan was also the fastest-growing in terms of the polypropylene in primary forms imports, with a CAGR of +19.6% from 2012 to 2022. At the same time, Kazakhstan (+11.4%) and Kyrgyzstan (+6.7%) displayed positive paces of growth. From 2012 to 2022, the share of Uzbekistan increased by +71 percentage points.

In value terms, Uzbekistan ($X) constitutes the largest market for imported polypropylene in primary forms in Central Asia, comprising 66% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 29% share of total imports.

In Uzbekistan, polypropylene in primary forms imports expanded at an average annual rate of +18.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+11.5% per year) and Kyrgyzstan (+6.6% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, dropping by -17.9% against the previous year. Overall, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted sharply in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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