Central Asia: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Central Asia

In 2022, the Central Asian ethylene polymer bag market increased by 17% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a mild reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Ethylene Polymer Bag Production in Central Asia

In value terms, ethylene polymer bag production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ethylene Polymer Bag Exports

Exports in Central Asia

In 2022, overseas shipments of sacks and bags of polymers of ethylene decreased by -31.2% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 119% against the previous year. The volume of export peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, ethylene polymer bag exports dropped sharply to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 112% against the previous year. The level of export peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

In 2022, Turkmenistan (X tons) represented the largest exporter of sacks and bags of polymers of ethylene, making up 46% of total exports. It was distantly followed by Uzbekistan (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons), together committing a 54% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +43.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer bag supplying countries in Central Asia were Uzbekistan ($X), Turkmenistan ($X) and Kyrgyzstan ($X), with a combined 90% share of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +50.2%, saw the highest growth rate of 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

The export price in Central Asia stood at $X per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Ethylene Polymer Bag Imports

Imports in Central Asia

In 2022, ethylene polymer bag imports in Central Asia surged to X tons, rising by 29% on the previous year. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, ethylene polymer bag imports surged to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the key importing country with an import of around X tons, which resulted at 75% of total imports. It was distantly followed by Kyrgyzstan (X tons), comprising a 22% share of total imports.

Imports into Kazakhstan increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Kyrgyzstan (+4.8%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +4.8% from 2012-2022. While the share of Kazakhstan (+5.1 p.p.) and Kyrgyzstan (+3.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of imports in 2022.

Kyrgyzstan, with a CAGR of +10.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, rising by 16% against the previous year. In general, the import price, however, continues to indicate a slight slump. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+5.7%).

Source: IndexBox Platform

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