Market Dynamics
PET consumption in Ukraine decreased by 23% In the first half of 2014
Time: 2014-07-10 Source from: www.mrcplast.com
MOSCOW (MRC) - Capacity of Ukrainian polyethylene terephthalate (PET) market in the first half of 2014 decreased by 23% compared to the same period a year earlier. This was indicated by the decrease in Ukraine's PET chips imports, which fell to 77,600 tonnes over the reported period, according to MRC DataScope.
The fall in PET imports in the first half of this year resulted from a weaker demand in the market of beer and soft drinks in Ukraine. Ukrainian companies lost a large market in Crimea of finished products in the high season. Producers of water were sharply affected by the loss in the sales in the Crimean peninsula this summer.
PET consumption was also significantly decreased in the Donetsk and Lugansk regions.
Converters reported an increased competition in the domestic market. At the same time, demand in Central and Western Ukraine, according to the preforms producers, continued to be normal.
The most popular brands in the first six months of the year in Ukraine were Jade CZ-302 by Jiangsu Sanfangxiang production, HY-W01 by Shanghai Hengyi Polyester production, and WK801 from Zhejiang Wankai, with imports volumes over the reported period totalled 11,000 tonnes, 10,000 tonnes and 9,7 tonnes respectively.