Ukraine: 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 Ukraine

In 2022, after two years of decline, there was decline in the Ukrainian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms, when its value decreased by 0% to less than $X. In general, consumption showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 227%. Production of peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Ukraine

In 2019, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Ukraine fell modestly to X tons, approximately equating the previous year's figure. Overall, total exports indicated a strong increase from 2012 to 2019: its volume increased at an average annual rate of +5.3% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +121.2% against 2014 indices. The most prominent rate of growth was recorded in 2016 with an increase of 50% against the previous year. The exports peaked at X tons in 2018, and then contracted slightly in the following year.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X in 2019. In general, total exports indicated a pronounced increase from 2012 to 2019: its value increased at an average annual rate of +2.7% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +90.7% against 2014 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 39%. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Ukraine, accounting for a 60% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Russia exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2019, the average annual growth rate of volume to Russia amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+15.8% per year) and Romania (-7.4% per year).

In value terms, Russia ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Ukraine, comprising 59% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total exports. It was followed by Romania, with an 11% share.

From 2012 to 2019, the average annual growth rate of value to Russia totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+17.0% per year) and Romania (-9.2% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2019, growing by 1.9% against the previous year. Overall, the export price, however, showed a perceptible slump. The growth pace was the most rapid in 2017 when the average export price increased by 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2019, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Russia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+112.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Ukraine

In 2019, supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 3.3% to X tons, rising for the fourth year in a row after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2019, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank to $X in 2019. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 35%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Lithuania (X tons) and India (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Ukraine, together comprising 96% of total imports.

From 2012 to 2019, the biggest increases were recorded for India (with a CAGR of +99.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Ukraine, comprising 63% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 31% share of total imports. It was followed by India, with a 3.8% share.

From 2012 to 2019, the average annual rate of growth in terms of value from China totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+8.3% per year) and India (+85.8% 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 2019, dropping by -13.2% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, amid the top importers, the highest price was recorded for prices from China ($X per ton) and India ($X per ton), while the price for Pakistan ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Lithuania (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :