CIS: 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 CIS

The CIS market for polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2021, picking up by 5.5% against the previous year. Overall, consumption recorded a mild setback. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a slight downturn. The growth pace was the most rapid in 2016 with an increase of 36%. As a result, production attained 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 CIS

After two years of growth, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -2.3% to X tons in 2021. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +86.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X tons) represented the largest exporter of polyethylene with a specific gravity of less than X, in primary forms, achieving 62% of total exports. Belarus (X tons) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by Azerbaijan (16%).

Russia was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms exports, with a CAGR of +7.5% from 2012 to 2021. At the same time, Azerbaijan (+3.6%) displayed positive paces of growth. Belarus experienced a relatively flat trend pattern. While the share of Russia (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Azerbaijan (-1.6 p.p.) and Belarus (-12 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest polyethylene with a specific gravity of less than X supplier in the CIS, comprising 60% of total exports. The second position in the ranking was held by Belarus ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +6.4%. In the other countries, the average annual rates were as follows: Belarus (-0.9% per year) and Azerbaijan (+5.0% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 59% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+1.4%), while the other leaders experienced a decline in the export price figures.

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

Imports in CIS

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported in the CIS stood at X tons, picking up by 5.8% compared with the previous year. Overall, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 19% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. In general, imports, however, showed a mild setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) represented the key importer of polyethylene with a specific gravity of less than X, in primary forms, constituting 63% of total imports. Belarus (X tons) took the second position in the ranking, followed by Kazakhstan (X tons) and Uzbekistan (X tons). All these countries together held near 31% share of total imports. The following importers - Azerbaijan (X tons) and Armenia (X tons) - each reached a 3.8% share of total imports.

Imports into Russia decreased at an average annual rate of -3.3% from 2012 to 2021. At the same time, Uzbekistan (+23.1%), Armenia (+13.8%), Azerbaijan (+8.3%) and Kazakhstan (+4.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +23.1% from 2012-2021. By contrast, Belarus (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Kazakhstan increased by +7.2 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in the CIS, comprising 63% of total imports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total imports. It was followed by Kazakhstan, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled -3.8%. In the other countries, the average annual rates were as follows: Belarus (-3.5% per year) and Kazakhstan (+3.6% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 48% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 ($X per ton) and Uzbekistan ($X per ton), while Armenia ($X per ton) and Kazakhstan ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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