Uzbekistan: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Uzbekistan

The Uzbek polypropylene in primary forms market surged to $X in 2022, growing by 41% against the previous year. In general, consumption showed significant growth. Polypropylene in primary forms consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Polypropylene in Primary Forms in Uzbekistan

In value terms, polypropylene in primary forms production reduced to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports from Uzbekistan

In 2022, exports of polypropylene in primary forms from Uzbekistan contracted dramatically to X tons, shrinking by -28.9% on the year before. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 392% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms exports reduced to $X in 2022. Over the period under review, exports saw a significant contraction. The growth pace was the most rapid in 2020 when exports increased by 205% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons) were the main destinations of polypropylene in primary forms exports from Uzbekistan, together comprising 81% of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +40.9%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X) were the largest markets for polypropylene in primary forms exported from Uzbekistan worldwide, with a combined 83% share of total exports.

Kazakhstan, with a CAGR of +62.0%, saw the highest rates of growth with regard to 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 2022, the average polypropylene in primary forms export price amounted to $X per ton, growing by 27% against the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Uzbekistan

In 2022, supplies from abroad of polypropylene in primary forms increased by 108% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polypropylene in primary forms imports surged to $X in 2022. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Turkmenistan (X tons) and Iran (X tons) were the main suppliers of polypropylene in primary forms imports to Uzbekistan, together accounting for 69% of total imports. Russia, China and Turkey lagged somewhat behind, together comprising a further 28%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +208.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms suppliers to Uzbekistan were South Korea ($X), Turkmenistan ($X) and Russia ($X), together comprising 67% of total imports. Iran, China and Turkey lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Turkey, with a CAGR of +182.0%, recorded the highest rates of growth with regard to 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 2022, the average polypropylene in primary forms import price amounted to $X per ton, with a decrease of -26.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell markedly in the following year.

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 South Korea ($X per ton), while the price for Turkmenistan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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