Kazakhstan: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Kazakhstan

In 2023, after two years of growth, there was significant decline in the Kazakh acrylic polymer market, when its value decreased by X% to $X. Overall, consumption, however, showed a prominent increase. Over the period under review, the market hit record highs at $X in 2022, and then shrank in the following year.

Acrylic Polymer Production in Kazakhstan

In value terms, acrylic polymer production stood at $X in 2023 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Acrylic polymer production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Acrylic Polymer Exports

Exports from Kazakhstan

Acrylic polymer exports from Kazakhstan soared to X tons in 2023, jumping by X% against 2022 figures. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, acrylic polymer exports soared to $X in 2023. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for acrylic polymer exports from Kazakhstan, with a X% share of total exports. Moreover, acrylic polymer exports to Russia exceeded the volume sent to the second major destination, Egypt (X tons), threefold. The third position in this ranking was held by Uzbekistan (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Uzbekistan (X% per year).

In value terms, Russia ($X) remains the key foreign market for acrylic polymers (in primary forms) exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the average acrylic polymer export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Polymer Imports

Imports into Kazakhstan

In 2023, supplies from abroad of acrylic polymers (in primary forms) decreased by X% to X tons for the first time since 2015, thus ending a seven-year rising trend. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, acrylic polymer imports reduced to $X in 2023. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Russia (X tons) constituted the largest acrylic polymer supplier to Kazakhstan, accounting for a X% share of total imports. Moreover, acrylic polymer imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The UK (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, the largest acrylic polymer suppliers to Kazakhstan were Russia ($X), China ($X) and the UK ($X), together accounting for X% of total imports.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average acrylic polymer import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform