Uzbekistan: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Uzbekistan

The Uzbek polyethylene in primary forms market soared to $X in 2021, increasing by 40% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +89.3% against 2018 indices. Polyethylene in primary forms consumption peaked in 2021 and is likely to see gradual growth in years to come.

Production of Polyethylene in Primary Forms in Uzbekistan

In value terms, polyethylene in primary forms production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production showed buoyant growth. The growth pace was the most rapid in 2017 when the production volume increased by 128%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Polyethylene in Primary Forms

Exports from Uzbekistan

In 2021, approx. X tons of polyethylene in primary forms were exported from Uzbekistan; falling by -29% against the previous year. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 6.4% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Overall, exports saw a noticeable setback. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Russia (X tons) and China (X tons) were the main destinations of polyethylene in primary forms exports from Uzbekistan, together accounting for 67% of total exports. These countries were followed by Ukraine, Poland, the UK and Vietnam, which together accounted for a further 14%.

From 2017 to 2021, the biggest increases were recorded for the UK (with a CAGR of +82.3%), 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 Uzbekistan were Turkey ($X), Russia ($X) and China ($X), together comprising 58% of total exports. These countries were followed by Ukraine, Poland, Vietnam and the UK, which together accounted for a further 15%.

In terms of the main countries of destination, the UK, with a CAGR of +91.4%, 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 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 67% against the previous year. In general, export price indicated a prominent increase from 2017 to 2021: its price increased at an average annual rate of +6.0% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached 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 Vietnam ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Uzbekistan

Polyethylene in primary forms imports into Uzbekistan skyrocketed to X tons in 2021, rising by 27% compared with the previous year. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 218%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene in primary forms imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 122% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Azerbaijan (X tons) and South Korea (X tons) were the main suppliers of polyethylene in primary forms imports to Uzbekistan, with a combined 76% share of total imports. Latvia, China, Germany and Austria lagged somewhat behind, together comprising a further 12%.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +161.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of polyethylene in primary forms to Uzbekistan, comprising 43% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Azerbaijan, with an 11% share.

From 2017 to 2021, the average annual rate of growth in terms of value from Russia totaled +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.4% per year) and Azerbaijan (+52.0% per year).

Import Prices by Country

The average polyethylene in primary forms import price stood at $X per ton in 2021, with an increase of 22% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 China ($X per ton), while the price for Azerbaijan ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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