Kazakhstan: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Kazakhstan

The Kazakh polyethylene glycol and polyether market surged to $X in 2021, jumping by 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Kazakhstan

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms increased by 21% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 1,264%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene glycol and polyether exports surged to $X in 2021. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 848% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Uzbekistan (X tons), Kyrgyzstan (X tons) and Russia (X tons) were the main destinations of polyethylene glycol and polyether exports from Kazakhstan, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +70.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol and polyether exported from Kazakhstan were Kyrgyzstan ($X), Uzbekistan ($X) and Russia ($X), with a combined 99% share of total exports.

Among the main countries of destination, Kyrgyzstan, with a CAGR of +66.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, growing by 37% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 62%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Kazakhstan

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were imported into Kazakhstan; with an increase of 18% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.7% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest polyethylene glycol and polyether supplier to Kazakhstan, accounting for a 72% share of total imports. Moreover, polyethylene glycol and polyether imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was held by Denmark (X tons), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.0% per year) and Denmark (+15.5% per year).

In value terms, Russia ($X) constituted the largest supplier of polyethylene glycols and polyethers in primary forms to Kazakhstan, comprising 74% of total imports. The second position in the ranking was held by China ($X), with a 7.2% share of total imports. It was followed by Belgium, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.7% per year) and Belgium (-12.6% per year).

Import Prices by Country

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, jumping by 46% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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