CIS: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in CIS

The CIS plastics in primary forms market rose significantly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Production of Plastics in Primary Forms in CIS

In value terms, plastics in primary forms production rose rapidly to $X in 2023 estimated in export price. The total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Plastics in Primary Forms

Exports in CIS

In 2023, approx. X tons of plastics in primary formses were exported in the CIS; rising by X% against the previous year's figure. Over the period under review, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, plastics in primary forms exports skyrocketed to $X in 2023. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Russia represented the major exporting country with an export of around X tons, which recorded X% of total exports. Azerbaijan (X tons) ranks second in terms of the total exports with a X% share, followed by Uzbekistan (X%) and Belarus (X%). Kazakhstan (X tons) held a relatively small share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.), Azerbaijan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) and Belarus (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest plastics in primary forms supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Azerbaijan ($X), with an X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Imports of Plastics in Primary Forms

Imports in CIS

Plastics in primary forms imports skyrocketed to X tons in 2023, jumping by X% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, plastics in primary forms imports reached $X in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Russia (X tons) represented the largest importer of plastics in primary formses, generating X% of total imports. Uzbekistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%) and Kazakhstan (X%). Azerbaijan (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastics in primary forms imports into Russia stood at X%. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Belarus and Azerbaijan experienced a relatively flat trend pattern. From 2012 to 2023, the share of Uzbekistan and Kazakhstan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported plastics in primary formses in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, plastics in primary forms imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform