Uzbekistan: Polyethylene Binder Market 2023

Polyethylene Binder Market Size in Uzbekistan

For the third year in a row, the Uzbek polyethylene binder market recorded growth in sales value, which increased by 25% to $X in 2022. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Polyethylene Binder Production in Uzbekistan

In value terms, polyethylene binder production reduced rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 97% against the previous year. Polyethylene binder production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polyethylene Binder Exports

Exports from Uzbekistan

Polyethylene binder exports from Uzbekistan surged to X tons in 2022, jumping by 136% against the year before. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 556%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, polyethylene binder exports skyrocketed to $X in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 304% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) was the main destination for polyethylene binder exports from Uzbekistan, accounting for a 97% share of total exports. It was followed by Tajikistan (X tons), with a 3.2% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kyrgyzstan stood at +24.6%.

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Uzbekistan, comprising 91% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 9.3% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Kyrgyzstan stood at +51.6%.

Export Prices by Country

In 2022, the average polyethylene binder export price amounted to $X per ton, surging by 12% against the previous year. Overall, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 171%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Kyrgyzstan totaled $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+49.4%), while the prices for the other major destinations experienced mixed trend patterns.

Polyethylene Binder Imports

Imports into Uzbekistan

In 2022, the amount of polyethylene or polypropylene binder or baler (agricultural) twines imported into Uzbekistan skyrocketed to X tons, increasing by 168% compared with the year before. Over the period under review, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 3,404% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, polyethylene binder imports soared to $X in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 778% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest polyethylene binder supplier to Uzbekistan, accounting for a 60% share of total imports. Moreover, polyethylene binder imports from Turkey exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was held by Russia (X tons), with an 11% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+816.5% per year) and Russia (+205.1% per year).

In value terms, the largest polyethylene binder suppliers to Uzbekistan were Turkey ($X), the Czech Republic ($X) and Russia ($X), together comprising 93% of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +1,022.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, surging by 207% against the previous year. Overall, the import price showed significant growth. The most prominent rate of growth was recorded in 2018 an increase of 2,579% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+129.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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