Central Asia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Central Asia

After two years of decline, the Central Asian polyethylene glycol and polyether market increased by 16% to $X in 2021. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Central Asia

In value terms, polyethylene glycol and polyether production rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 49%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Central Asia

In 2021, shipments abroad of polyethylene glycols and polyethers in primary forms increased by 21% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 1,294%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2017 when exports increased by 1,099% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together resulting at 100% of total export.

Kazakhstan was also the fastest-growing in terms of the polyethylene glycols and polyethers in primary forms exports, with a CAGR of +28.8% from 2012 to 2021. While the share of Kazakhstan (+7.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest polyethylene glycol and polyether supplier in Central Asia.

In Kazakhstan, polyethylene glycol and polyether exports expanded at an average annual rate of +29.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, surging by 37% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 46%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +0.5% per year.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Central Asia

Polyethylene glycol and polyether imports skyrocketed to X tons in 2021, increasing by 16% compared with 2020. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 25%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan was the key importer of polyethylene glycols and polyethers in primary forms in Central Asia, with the volume of imports resulting at X tons, which was near 58% of total imports in 2021. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Mongolia (X tons). All these countries together held near 38% share of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +31.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 96% share of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of +37.2%, 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

The import price in Central Asia stood at $X per ton in 2021, with an increase of 39% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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