Czech Republic: Monophenols Market 2024

Monophenols Market Size in the Czech Republic

In 2021, the Czech monophenols market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a pronounced slump. Monophenols consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Monophenols Production in the Czech Republic

In value terms, monophenols production rose markedly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 11%. Monophenols production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Monophenols Exports

Exports from the Czech Republic

In 2021, monophenols exports from the Czech Republic skyrocketed to X tons, jumping by 38% on 2020 figures. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 3,868% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, monophenols exports surged to $X in 2021. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 729% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X tons) was the main destination for monophenols exports from the Czech Republic, with a 93% share of total exports. Moreover, monophenols exports to Moldova exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. The third position in this ranking was taken by Austria (X kg), with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+166.8% per year) and Austria (-47.9% per year).

In value terms, Moldova ($X), Serbia ($X) and Austria ($X) constituted the largest markets for monophenols exported from the Czech Republic worldwide, together comprising 92% of total exports.

Among the main countries of destination, Serbia, with a CAGR of +169.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average monophenols export price stood at $X per ton in 2021, surging by 23% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 341% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Serbia ($X per ton), while the average price for exports to Italy ($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 India (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Monophenols Imports

Imports into the Czech Republic

In 2021, imports of monophenols into the Czech Republic soared to X tons, rising by 47% compared with the previous year's figure. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 432% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, monophenols imports soared to $X in 2021. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 222% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest monophenols supplier to the Czech Republic, with a 60% share of total imports. Moreover, monophenols imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +96.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Thailand (0.0% per year).

In value terms, the largest monophenols suppliers to the Czech Republic were Russia ($X), China ($X) and Germany ($X), with a combined 89% share of total imports.

Russia, with a CAGR of +77.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average monophenols import price amounted to $X per ton, rising by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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