Czech Republic: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in the Czech Republic

In 2021, the Czech aromatic hydrocarbons derivatives market increased by 15% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +13.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +24.4% against 2019 indices. Aromatic hydrocarbons derivatives consumption peaked in 2021 and is expected to retain growth in the immediate term.

Aromatic Hydrocarbons Derivatives Production in the Czech Republic

In value terms, aromatic hydrocarbons derivatives production shrank modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +11.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 83% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from the Czech Republic

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons exported from the Czech Republic soared to X tons, jumping by 913% compared with the previous year's figure. In general, exports, however, continue to indicate a pronounced downturn. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 693%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for aromatic hydrocarbons derivatives exports from the Czech Republic, accounting for a 82% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to Slovakia exceeded the volume sent to the second major destination, China (X kg), more than tenfold. The third position in this ranking was taken by Belgium (X kg), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia amounted to +87.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+374.3% per year) and Belgium (+2.9% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for halogenated derivatives of aromatic hydrocarbons exports from the Czech Republic, comprising 82% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.1% share of total exports. It was followed by China, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia totaled +90.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.5% per year) and China (-45.6% per year).

Export Prices by Country

In 2021, the average aromatic hydrocarbons derivatives export price amounted to $X per ton, which is down by -51.4% against the previous year. Over the period under review, the export price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 298%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into the Czech Republic

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were imported into the Czech Republic; growing by 207% on the year before. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives imports surged to $X in 2021. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aromatic hydrocarbons derivatives to the Czech Republic, accounting for a 62% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +145.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+35.6% per year) and Germany (+19.8% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to the Czech Republic, comprising 78% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by South Korea, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +73.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+30.6% per year) and South Korea (0.0% per year).

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, rising by 22% against the previous year. In general, the import price recorded slight growth. The pace of growth was the most pronounced in 2020 an increase of 98%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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