Central Asia: Polyurethanes Market 2024

Polyurethanes Market Size in Central Asia

After two years of growth, the Central Asian polyurethanes market decreased by X% to $X in 2023. In general, consumption, however, enjoyed a pronounced expansion. Over the period under review, the market reached the maximum level at $X in 2022, and then fell markedly in the following year.

Polyurethanes Production in Central Asia

In value terms, polyurethanes production reduced to $X in 2023 estimated in export price. The total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Polyurethanes Exports

Exports in Central Asia

In 2023, exports of polyurethanes in primary forms in Central Asia soared to X tons, rising by X% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, polyurethanes exports surged to $X in 2023. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

In 2023, Kyrgyzstan (X tons) represented the main exporter of polyurethanes in primary forms, comprising X% of total exports. Kazakhstan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%).

Kyrgyzstan experienced a relatively flat trend pattern with regard to volume of exports of polyurethanes in primary forms. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, the largest polyurethanes supplying countries in Central Asia were Kyrgyzstan ($X), Uzbekistan ($X) and Kazakhstan ($X).

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Polyurethanes Imports

Imports in Central Asia

Polyurethanes imports fell to X tons in 2023, which is down by X% compared with 2022 figures. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, polyurethanes imports contracted significantly to $X in 2023. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then declined significantly in the following year.

Imports by Country

Uzbekistan represented the largest importer of polyurethanes in primary forms in Central Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Kazakhstan (X tons), generating a X% share of total imports. Tajikistan (X tons), Turkmenistan (X tons) and Mongolia (X tons) held a minor share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkmenistan (X%), Tajikistan (X%), Kazakhstan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Turkmenistan (X p.p.), Tajikistan (X p.p.), Mongolia (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Tajikistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 2023, the import price in Central Asia amounted to $X per ton, waning by X% against the previous year. In general, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform