CIS: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

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

In 2022, the CIS polyethylene glycol and polyether market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in CIS

In value terms, polyethylene glycol and polyether production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in CIS

Polyethylene glycol and polyether exports expanded notably to X tons in 2022, surging by X% compared with 2021. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polyethylene glycol and polyether exports declined to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Russia (X tons) represented roughly X% of total exports in 2022.

Russia was also the fastest-growing in terms of the polyethylene glycols and polyethers in primary forms exports, with a CAGR of X% from 2012 to 2022. While the share of Russia (X p.p.) increased significantly, the shares of the other countries 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 2022, the average annual rate of growth in terms of value in Russia amounted to X%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. 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 failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in CIS

In 2022, purchases abroad of polyethylene glycols and polyethers in primary forms decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, polyethylene glycol and polyether imports fell dramatically to $X in 2022. In general, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. Uzbekistan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%) and Belarus (X%).

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) and Belarus (X p.p.) displayed negative dynamics.

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

In Russia, polyethylene glycol and polyether imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Kazakhstan ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform