Uzbekistan: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Uzbekistan

After four years of decline, the Uzbek ethylene polymer bag market increased by 47% to $X in 2022. Overall, consumption, however, continues to indicate a slight curtailment. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Ethylene Polymer Bag Production in Uzbekistan

In value terms, ethylene polymer bag production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by 5.1%. Ethylene polymer bag production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Ethylene Polymer Bag Exports

Exports from Uzbekistan

In 2022, overseas shipments of sacks and bags of polymers of ethylene decreased by -66.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 228% against the previous year. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, ethylene polymer bag exports declined dramatically to $X in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 216%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Kyrgyzstan (X tons) was the main destination for ethylene polymer bag exports from Uzbekistan, accounting for a 73% share of total exports. Moreover, ethylene polymer bag exports to Kyrgyzstan exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. Tajikistan (X tons) ranked third in terms of total exports with a 4.7% share.

From 2017 to 2022, the average annual growth rate of volume to Kyrgyzstan stood at +100.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+12.7% per year) and Tajikistan (+17.8% per year).

In value terms, Kyrgyzstan ($X) remains the key foreign market for sacks and bags of polymers of ethylene exports from Uzbekistan, comprising 75% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 16% share of total exports. It was followed by Tajikistan, with a 4.2% share.

From 2017 to 2022, the average annual growth rate of value to Kyrgyzstan amounted to +139.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+13.2% per year) and Tajikistan (+15.0% per year).

Export Prices by Country

In 2022, the average ethylene polymer bag export price amounted to $X per ton, surging by 44% against the previous year. Over the last five years, it increased at an average annual rate of +4.8%. 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 Turkmenistan ($X per ton), while the average price for exports to Kazakhstan ($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 Kyrgyzstan (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Polymer Bag Imports

Imports into Uzbekistan

In 2022, purchases abroad of sacks and bags of polymers of ethylene increased by 34% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, ethylene polymer bag imports soared to $X in 2022. Overall, total imports indicated tangible growth from 2017 to 2022: its value increased at an average annual rate of +4.7% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Turkey (X tons) and Belarus (X tons) were the main suppliers of ethylene polymer bag imports to Uzbekistan, with a combined 92% share of total imports.

From 2017 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +213.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Uzbekistan, comprising 54% of total imports. The second position in the ranking was held by Turkey ($X), with a 24% share of total imports. It was followed by Belarus, with a 6.3% share.

From 2017 to 2022, the average annual rate of growth in terms of value from China stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.6% per year) and Belarus (+261.8% per year).

Import Prices by Country

In 2022, the average ethylene polymer bag import price amounted to $X per ton, declining by -6.1% against the previous year. Over the period under review, the import price recorded a perceptible slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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