Ukraine: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Ukraine

The Ukrainian plastics in primary forms market soared to $X in 2023, with an increase of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Production of Plastics in Primary Forms in Ukraine

In value terms, plastics in primary forms production rose remarkably to $X in 2023 estimated in export price. Over the period under review, the total production indicated a slight 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 decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Plastics in Primary Forms

Exports from Ukraine

In 2023, plastics in primary forms exports from Ukraine shrank dramatically to X tons, which is down by X% on the year before. Over the period under review, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, plastics in primary forms exports declined sharply to $X in 2023. In general, exports saw a dramatic curtailment. 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 reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Moldova (X tons) and Germany (X tons) were the main destinations of plastics in primary forms exports from Ukraine, together comprising X% of total exports. Italy, Romania, Belgium, Hungary, Turkey and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Poland ($X) emerged as the key foreign market for plastics in primary formses exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by Moldova ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Italy (X% per year).

Export Prices by Country

The average plastics in primary forms export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price recorded a pronounced increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Moldova ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics in Primary Forms

Imports into Ukraine

In 2023, imports of plastics in primary formses into Ukraine skyrocketed to X tons, with an increase of X% against 2022. Over the period under review, imports, however, continue to indicate a perceptible curtailment. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, plastics in primary forms imports stood at $X in 2023. Overall, imports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Poland (X tons), Saudi Arabia (X tons) and the United States (X tons) were the main suppliers of plastics in primary forms imports to Ukraine, with a combined X% share of total imports. Slovakia, Germany, Hungary, Turkey, China, Qatar, the Czech Republic, Azerbaijan, Uzbekistan and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Saudi Arabia ($X) appeared to be the largest plastics in primary forms suppliers to Ukraine, with a combined X% share of total imports. The United States, China, Turkey, Hungary, Slovakia, the Czech Republic, Qatar, Belgium, Uzbekistan and Azerbaijan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Uzbekistan, with a CAGR of X%, 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 plastics in primary forms import price stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then reduced markedly in the following year.

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 Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform