Uzbekistan: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Uzbekistan

In 2021, the Uzbek market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 42% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption continues to indicate strong growth. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Uzbekistan

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported from Uzbekistan; which is down by -2.8% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 227% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) dropped slightly to $X in 2021. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by 128%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Uzbekistan, with a 55% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Tajikistan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), twofold. The third position in this ranking was taken by Ukraine (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tajikistan stood at +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+20.7% per year) and Ukraine (-9.8% per year).

In value terms, the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Uzbekistan were Tajikistan ($X), Kyrgyzstan ($X) and Ukraine ($X), together comprising 79% of total exports.

In terms of the main countries of destination, Tajikistan, with a CAGR of +92.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, standing approx. at the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 an increase of 8%. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Tajikistan ($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 Tajikistan (+6.5%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Uzbekistan

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) imported into Uzbekistan skyrocketed to X tons, growing by 27% compared with 2020 figures. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2019 when imports increased by 51%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 58% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Uzbekistan, with a 73% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold. China (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+70.8% per year) and China (+29.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Uzbekistan, comprising 72% of total imports. The second position in the ranking was taken by Russia ($X), with an 8.5% share of total imports. It was followed by China, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+55.4% per year) and China (+19.7% per year).

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, picking up by 12% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform