CIS: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in CIS

In 2021, the CIS polyethylene glycol and polyether market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in CIS

In value terms, polyethylene glycol and polyether production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in CIS

Polyethylene glycol and polyether exports stood at X tons in 2021, standing approx. at the previous year. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.3% against 2013 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, polyethylene glycol and polyether exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of polyethylene glycols and polyethers in primary forms, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the polyethylene glycols and polyethers in primary forms exports, with a CAGR of +6.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest polyethylene glycol and polyether supplier in the CIS.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +6.3%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, surging by 54% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -0.0% per year.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in CIS

In 2021, the amount of polyethylene glycols and polyethers in primary forms imported in the CIS soared to X tons, with an increase of 29% on 2020. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.6% against 2015 indices. As a result, imports attained the peak and are likely to continue 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 reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia dominates imports structure, amounting to X tons, which was approx. 81% of total imports in 2021. Belarus (X tons) ranks second in terms of the total imports with a 7.9% share, followed by Kazakhstan (6.2%). Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polyethylene glycol and polyether imports into Russia stood at +6.6%. At the same time, Uzbekistan (+31.2%), Belarus (+3.7%) and Kazakhstan (+2.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +31.2% from 2012-2021. Uzbekistan (+3.2 p.p.) and Russia (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Kazakhstan saw its share reduced by -1.9% and -2.4% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported polyethylene glycols and polyethers in primary forms in the CIS, comprising 81% of total imports. The second position in the ranking was taken by Belarus ($X), with a 7.9% share of total imports. It was followed by Kazakhstan, with a 6.2% share.

In Russia, polyethylene glycol and polyether imports expanded at an average annual rate of +7.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+3.7% per year) and Kazakhstan (+2.6% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, jumping by 43% against the previous year. In general, the import price showed a slight expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Russia ($X per ton), while Belarus ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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