CIS: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in CIS

The CIS market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in CIS

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports in CIS

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported in the CIS; increasing by 29% against 2020. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 54%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 53%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Russia prevails in methacrylate) structure, amounting to X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Belarus (X tons), comprising an 8% share of total exports. Kazakhstan (X tons) held a minor share of total exports.

Russia was also the fastest-growing in terms of the acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports, with a CAGR of +37.0% from 2012 to 2021. At the same time, Kazakhstan (+12.9%) and Belarus (+8.9%) displayed positive paces of growth. From 2012 to 2021, the share of Russia increased by +42 percentage points.

In value terms, Russia ($X) remains the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier in the CIS, comprising 86% of total exports. The second position in the ranking was taken by Belarus ($X), with a 10% share of total exports.

In Russia, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased at an average annual rate of +30.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+7.5% per year) and Kazakhstan (+14.8% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports in CIS

Imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) expanded notably to X tons in 2021, picking up by 7.1% on the previous year. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 11%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia prevails in methacrylate) structure, resulting at X tons, which was near 75% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), Belarus (X tons) and Uzbekistan (X tons), together creating a 21% share of total imports.

Imports into Russia increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Uzbekistan (+15.3%), Kazakhstan (+15.3%) and Belarus (+2.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.3% from 2012-2021. Kazakhstan (+4.9 p.p.) and Uzbekistan (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -8.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported acrylic polymers, in primary forms (excluding polymethyl methacrylate) in the CIS, comprising 76% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 7.8% share of total imports. It was followed by Belarus, with a 7.4% share.

In Russia, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased at an average annual rate of +2.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+9.0% per year) and Belarus (+1.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per ton) and Russia ($X per ton), while Uzbekistan ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform