Kazakhstan: Polyurethanes Market 2024

Polyurethanes Market Size in Kazakhstan

The Kazakh polyurethanes market soared to $X in 2021, increasing by 50% 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). The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern 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.

Polyurethanes Exports

Exports from Kazakhstan

In 2021, the amount of polyurethanes in primary forms exported from Kazakhstan expanded markedly to X tons, with an increase of 10% against the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 507%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, polyurethanes exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 215%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Uzbekistan (X tons) was the main destination for polyurethanes exports from Kazakhstan, accounting for a 67% share of total exports. Moreover, polyurethanes exports to Uzbekistan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold. Ukraine (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+37.2% per year) and Ukraine (+27.0% per year).

In value terms, Uzbekistan ($X), Kyrgyzstan ($X) and Ukraine ($X) appeared to be the largest markets for polyurethanes exported from Kazakhstan worldwide, together comprising 100% of total exports.

Uzbekistan, with a CAGR of +55.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, growing by 44% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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 Kyrgyzstan ($X per ton), while the average price for exports to Russia ($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 Belarus (+44.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Kazakhstan

In 2021, the amount of polyurethanes in primary forms imported into Kazakhstan surged to X tons, with an increase of 33% on the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest polyurethanes supplier to Kazakhstan, accounting for a 62% share of total imports. Moreover, polyurethanes imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Turkey (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.1% per year) and Turkey (+18.1% per year).

In value terms, Russia ($X) constituted the largest supplier of polyurethanes in primary forms to Kazakhstan, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Turkey, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.8% per year) and Turkey (+20.2% per year).

Import Prices by Country

The average polyurethanes import price stood at $X per ton in 2021, picking up by 16% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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