Eastern Europe: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Eastern Europe

The East European polypropylene in primary forms market reduced to $X in 2023, which is down by X% against the previous year. The total consumption indicated tangible growth 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Polypropylene in Primary Forms in Eastern Europe

In value terms, polypropylene in primary forms production dropped modestly to $X in 2023 estimated in export price. The total production indicated a buoyant 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 growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports in Eastern Europe

In 2023, approx. X tons of polypropylene in primary forms were exported in Eastern Europe; stabilizing at 2022 figures. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, polypropylene in primary forms exports reduced to $X in 2023. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia represented the key exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by the Czech Republic (X tons), Slovakia (X tons), Poland (X tons), Hungary (X tons) and Bulgaria (X tons), together comprising a X% share of total exports. Romania (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the polypropylene in primary forms exports, with a CAGR of X% from 2012 to 2023. At the same time, Hungary (X%), the Czech Republic (X%), Slovakia (X%) and Bulgaria (X%) displayed positive paces of growth. Poland and Romania experienced a relatively flat trend pattern. While the share of Russia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hungary (X p.p.), Bulgaria (X p.p.), the Czech Republic (X p.p.), Slovakia (X p.p.), Romania (X p.p.) and Poland (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest polypropylene in primary forms supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

In Russia, polypropylene in primary forms exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained 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 the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Imports of Polypropylene in Primary Forms

Imports in Eastern Europe

In 2023, imports of polypropylene in primary forms in Eastern Europe stood at X tons, rising by X% compared with the previous year. Total imports indicated a strong expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, polypropylene in primary forms imports fell to $X in 2023. Total imports indicated pronounced growth 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. 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, Poland (X tons) represented the major importer of polypropylene in primary forms, constituting X% of total imports. The Czech Republic (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Russia (X%), Bulgaria (X%), Slovakia (X%), Hungary (X%), Ukraine (X%), Romania (X%) and Belarus (X%).

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

In value terms, the largest polypropylene in primary forms importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), with a combined X% share of total imports. Russia, Hungary, Bulgaria, Romania, Belarus and Ukraine lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, recorded 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 import price in Eastern Europe stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Slovakia ($X per ton) and the Czech Republic ($X per ton), while Ukraine ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform