Kazakhstan: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Kazakhstan

The Kazakh polymethyl methacrylate market rose notably to $X in 2022, with an increase of 7.7% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Polymethyl Methacrylate Production in Kazakhstan

In value terms, polymethyl methacrylate production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports from Kazakhstan

In 2022, after three years of growth, there was decline in overseas shipments of polymethyl methacrylate in primary forms, when their volume decreased by -1.4% to X tons. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 238% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports rose modestly to $X in 2022. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 9.4% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for polymethyl methacrylate exports from Kazakhstan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to +9.4%.

In value terms, Egypt ($X) also remains the key foreign market for polymethyl methacrylate in primary forms exports from Kazakhstan.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled -10.6%.

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, picking up by 6% against the previous year. Over the period under review, the export price, however, showed a deep setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to -18.4% per year.

Polymethyl Methacrylate Imports

Imports into Kazakhstan

In 2022, after two years of growth, there was significant decline in overseas purchases of polymethyl methacrylate in primary forms, when their volume decreased by -36% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 197% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, polymethyl methacrylate imports reduced dramatically to $X in 2022. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Ukraine (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polymethyl methacrylate imports to Kazakhstan, together accounting for 64% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +30.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to Kazakhstan, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Poland, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and Poland (+12.9% per year).

Import Prices by Country

In 2022, the average polymethyl methacrylate import price amounted to $X per ton, rising by 22% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Turkey ($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 (+52.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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