Ukraine: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Ukraine

The Ukrainian polyethylene in primary forms market rose notably to $X in 2021, picking up by 7.2% 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). Over the period under review, consumption continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Polyethylene in Primary Forms

Exports from Ukraine

In 2021, approx. X tons of polyethylene in primary forms were exported from Ukraine; growing by 36% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 1,413% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Overall, exports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of 1,086% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Poland (X tons) and Belarus (X tons) were the main destinations of polyethylene in primary forms exports from Ukraine, with a combined 46% share of total exports. Lithuania, the Czech Republic, the Netherlands, Moldova, Hungary, Israel, Spain, Algeria, Slovakia and Russia lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +3,081.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene in primary forms exported from Ukraine were Turkey ($X), Poland ($X) and Belarus ($X), with a combined 46% share of total exports. Lithuania, the Czech Republic, the Netherlands, Hungary, Moldova, Israel, Spain, Slovakia, Algeria and Russia lagged somewhat behind, together accounting for a further 43%.

Slovakia, with a CAGR of +3,507.7%, recorded the highest growth rate of 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 polyethylene in primary forms export price amounted to $X per ton, rising by 59% against the previous year. In general, the export price, however, saw a perceptible curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and Poland ($X per ton), while the average price for exports to Israel ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Ukraine

In 2021, polyethylene in primary forms imports into Ukraine reduced to X tons, dropping by -8.1% against the previous year's figure. In general, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, polyethylene in primary forms imports soared to $X in 2021. Over the period under review, imports showed a abrupt decline. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Russia (X tons) and Uzbekistan (X tons) were the main suppliers of polyethylene in primary forms imports to Ukraine, together accounting for 42% of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +94.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms suppliers to Ukraine were Saudi Arabia ($X), Russia ($X) and Belarus ($X), with a combined 42% share of total imports. Uzbekistan, Hungary, Germany, Qatar, Azerbaijan, the United Arab Emirates, South Korea, Iran, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 41%.

In terms of the main suppliers, Uzbekistan, with a CAGR of +93.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, increasing by 58% against the previous year. Over the period under review, the import price, however, saw a slight slump. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and South Korea ($X per ton), while the price for Uzbekistan ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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