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

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

In 2021, the Uzbek polyethylene glycol and polyether market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Uzbekistan

In value terms, polyethylene glycol and polyether production amounted to $X in 2021 estimated in export price. In general, production, however, saw a noticeable slump. The pace of growth was the most pronounced in 2018 when the production volume increased by 49% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Uzbekistan

In 2021, polyethylene glycol and polyether exports from Uzbekistan shrank notably to X kg, reducing by -22.9% on 2020. In general, exports showed a sharp setback. The smallest decline of -0.2% was in 2015. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports declined markedly to $X in 2021. Overall, exports recorded a dramatic decline. The smallest decline of -21.3% was in 2018. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X kg) was the main destination for polyethylene glycol and polyether exports from Uzbekistan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled -24.3%.

In value terms, South Korea ($X) also remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Uzbekistan.

From 2012 to 2021, the average annual growth rate of value to South Korea stood at -23.5%.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyethylene glycol and polyether export price decreased by -13.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for South Korea amounted to +1.1% per year.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Uzbekistan

For the fifth year in a row, Uzbekistan recorded growth in overseas purchases of polyethylene glycols and polyethers in primary forms, which increased by 19% to X tons in 2021. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 62%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of polyethylene glycol and polyether imports to Uzbekistan, with a combined 82% share of total imports.

From 2017 to 2021, the biggest increases were recorded for Russia (with a CAGR of +79.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), China ($X) and Turkey ($X) were the largest polyethylene glycol and polyether suppliers to Uzbekistan, with a combined 82% share of total imports.

Russia, with a CAGR of +85.0%, recorded the highest rates of growth with regard to 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

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, with an increase of 46% against the previous year. Over the last four years, it increased at an average annual rate of +4.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Poland ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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