Eastern Europe: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Eastern Europe

For the fourth year in a row, the East European carboxylic acid market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Carboxylic Acid Production in Eastern Europe

In value terms, carboxylic acid production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Carboxylic Acid Exports

Exports in Eastern Europe

In 2022, after five years of growth, there was significant decline in shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, when their volume decreased by X% to X tons. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, carboxylic acid exports reduced to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Poland represented the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Russia (X tons) and Bulgaria (X tons), together comprising a X% share of total exports. The Czech Republic (X tons), Slovakia (X tons) and Estonia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carboxylic acid exports from Poland stood at X%. At the same time, Bulgaria (X%), Estonia (X%), Russia (X%), the Czech Republic (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Russia, Bulgaria, Estonia and the Czech Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest carboxylic acid supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Poland, carboxylic acid exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Carboxylic Acid Imports

Imports in Eastern Europe

In 2022, supplies from abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions increased by X% to X tons, rising for the eighth year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carboxylic acid imports surged to $X in 2022. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) represented the major importer of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, making up X% of total imports. Poland (X tons) held the second position in the ranking, distantly followed by the Czech Republic (X tons) and Hungary (X tons). All these countries together took near X% share of total imports. Romania (X tons), Ukraine (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the carboxylic acid with alcohol, phenol, aldehyde or ketone functions imports, with a CAGR of X% from 2012 to 2022. At the same time, Bulgaria (X%), Poland (X%), Hungary (X%), Romania (X%) and the Czech Republic (X%) displayed positive paces of growth. By contrast, Ukraine (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.) and Ukraine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported carboxylic acid with alcohol, phenol, aldehyde or ketone functions in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Russia, carboxylic acid imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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