Kazakhstan: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Kazakhstan

The Kazakh polyethylene in primary forms market skyrocketed to $X in 2021, with an increase of 24% 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). In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from Kazakhstan

In 2021, after two years of growth, there was significant decline in shipments abroad of polyethylene in primary forms, when their volume decreased by -27.1% to X tons. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 161% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2014 when exports increased by 133%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Kyrgyzstan (X tons) was the main destination for polyethylene in primary forms exports from Kazakhstan, with a 51% share of total exports. Moreover, polyethylene in primary forms exports to Kyrgyzstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Kyrgyzstan stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+18.9% per year) and Russia (-19.1% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for polyethylene in primary forms exports from Kazakhstan, comprising 50% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 25% share of total exports. It was followed by Russia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kyrgyzstan totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+23.2% per year) and Russia (-22.8% per year).

Export Prices by Country

In 2021, the average polyethylene in primary forms export price amounted to $X per ton, with an increase of 58% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia ($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 Algeria (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Kazakhstan

In 2021, after five years of growth, there was significant decline in purchases abroad of polyethylene in primary forms, when their volume decreased by -7.7% to X tons. Over the period under review, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced in the following year.

In value terms, polyethylene in primary forms imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest polyethylene in primary forms supplier to Kazakhstan, accounting for a 79% share of total imports. Moreover, polyethylene in primary forms imports from Russia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Turkmenistan (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-7.3% per year) and Turkmenistan (+28.8% per year).

In value terms, Russia ($X) constituted the largest supplier of polyethylene in primary forms to Kazakhstan, comprising 80% of total imports. The second position in the ranking was held by South Korea ($X), with a 6.7% share of total imports. It was followed by Thailand, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.7% per year) and Thailand (-17.7% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, growing by 69% against the previous year. In general, the import price, however, showed a slight decrease. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Thailand ($X per ton), while the price for Turkmenistan ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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