Kazakhstan: Propylene Glycol Market 2024

Propylene Glycol Market Size in Kazakhstan

In 2022, the Kazakh propylene glycol market increased by 21% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.0% against 2020 indices. Propylene glycol consumption peaked in 2022 and is expected to retain growth in the immediate term.

Propylene Glycol Exports

Exports from Kazakhstan

In 2022, shipments abroad of propylene glycol (propane-1,2-diol) decreased by -45.6% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 446%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, propylene glycol exports expanded significantly to $X in 2022. Over the period under review, exports, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2019 when exports increased by 811%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for propylene glycol exports from Kazakhstan, with a 70% share of total exports. Moreover, propylene glycol exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+6.6% per year) and Tajikistan (-55.0% per year).

In value terms, Russia ($X) emerged as the key foreign market for propylene glycol (propane-1,2-diol) exports from Kazakhstan, comprising 81% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+8.1% per year) and Tajikistan (-59.6% per year).

Export Prices by Country

In 2022, the average propylene glycol export price amounted to $X per ton, rising by 103% against the previous year. In general, the export price saw a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+21.8%), while the prices for the other major destinations experienced mixed trend patterns.

Propylene Glycol Imports

Imports into Kazakhstan

In 2022, approx. X tons of propylene glycol (propane-1,2-diol) were imported into Kazakhstan; which is down by -12.5% against the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 50%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, propylene glycol imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.8% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 71%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of propylene glycol to Kazakhstan, with a 79% share of total imports. Moreover, propylene glycol imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Germany (-10.0% per year).

In value terms, Russia ($X) constituted the largest supplier of propylene glycol (propane-1,2-diol) to Kazakhstan, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 7.8% share of total imports. It was followed by Germany, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.9% per year) and Germany (-2.9% per year).

Import Prices by Country

In 2022, the average propylene glycol import price amounted to $X per ton, rising by 54% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene glycol import price increased by +88.9% against 2020 indices. 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 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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