CIS: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in CIS

The CIS ethylene polymer bag market rose to $X in 2022, increasing by 3.2% against the previous year. Overall, 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.

Ethylene Polymer Bag Production in CIS

In value terms, ethylene polymer bag production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2016 with an increase of 24%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports in CIS

In 2022, overseas shipments of sacks and bags of polymers of ethylene decreased by -6% to X tons, falling for the second year in a row after five years of growth. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ethylene polymer bag exports totaled $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +104.2% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Russia (X tons) was the main exporter of sacks and bags of polymers of ethylene, constituting 64% of total exports. Belarus (X tons) ranks second in terms of the total exports with a 26% share, followed by Azerbaijan (5.6%). Uzbekistan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ethylene polymer bag exports from Russia stood at +15.3%. At the same time, Uzbekistan (+43.4%), Belarus (+2.6%) and Azerbaijan (+1.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +43.4% from 2012-2022. Russia (+28 p.p.) and Uzbekistan (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Azerbaijan and Belarus saw its share reduced by -5.6% and -20.1% from 2012 to 2022, respectively.

In value terms, the largest ethylene polymer bag supplying countries in the CIS were Russia ($X), Belarus ($X) and Azerbaijan ($X), with a combined 95% share of total exports. These countries were followed by Uzbekistan, which accounted for a further 1.9%.

Uzbekistan, with a CAGR of +50.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 the CIS stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the export price, however, recorded a slight reduction. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+7.8%), while the other leaders experienced mixed trends in the export price figures.

Ethylene Polymer Bag Imports

Imports in CIS

In 2022, overseas purchases of sacks and bags of polymers of ethylene increased by 21% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, ethylene polymer bag imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) was the largest importer of sacks and bags of polymers of ethylene, constituting 44% of total imports. Russia (X tons) ranks second in terms of the total imports with a 26% share, followed by Kyrgyzstan (13%), Belarus (5.7%) and Azerbaijan (5.4%). The following importers - Armenia (X tons) and Moldova (X tons) - together made up 4.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Armenia (with a CAGR of +29.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer bag importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X), together accounting for 79% of total imports. Belarus, Azerbaijan, Moldova and Armenia lagged somewhat behind, together comprising a further 19%.

Armenia, with a CAGR of +23.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 when the import price increased by 8.9% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Kazakhstan ($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 (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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