Kazakhstan: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Kazakhstan

The Kazakh market for polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach $X in 2022, after nine years of decline. Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Kazakhstan

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined to $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The growth pace was the most rapid in 2013 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Kazakhstan

In 2016, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -87% to X tons for the first time since 2011, thus ending a four-year rising trend. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 185% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2015, and then fell rapidly in the following year.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced remarkably to $X in 2016. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 190% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015, and then dropped rapidly in the following year.

Exports by Country

Luxembourg (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Kazakhstan, with a approx. 100% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Luxembourg was relatively modest.

In value terms, Luxembourg ($X) emerged as the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Kazakhstan.

From 2012 to 2016, the average annual growth rate of value to Luxembourg was relatively modest.

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, shrinking by -13.5% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of 2.8%. The export price peaked at $X per ton in 2014; however, from 2015 to 2016, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Luxembourg.

From 2012 to 2016, the rate of growth in terms of prices for Kyrgyzstan amounted to -1.5% per year.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Kazakhstan

After five years of growth, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -0.2% to X tons in 2022. Overall, imports saw a pronounced decrease. The growth pace was the most rapid in 2018 when imports increased by 0.4% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reached $X in 2022. Over the period under review, imports saw a abrupt shrinkage. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Kazakhstan, with a 76% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was held by Belarus (X tons), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+28.1% per year) and Belarus (-12.9% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Kazakhstan, comprising 76% of total imports. The second position in the ranking was held by Russia ($X), with an 18% share of total imports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+18.8% per year) and South Korea (-25.1% per year).

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, growing by 1.6% against the previous year. In general, the import price, however, recorded a abrupt slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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