Eastern Europe: Abrasives Market 2024

Abrasives Market Size in Eastern Europe

After two years of decline, the East European abrasives market increased by 8.1% to $X in 2021. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Abrasives Production in Eastern Europe

In value terms, abrasives production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 28%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Abrasives Exports

Exports in Eastern Europe

In 2021, approx. X tons of abrasives (natural) were exported in Eastern Europe; growing by 113% compared with 2020. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, abrasives exports surged to $X in 2021. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 84%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Poland was the major exporter of abrasives (natural) in Eastern Europe, with the volume of exports recording X tons, which was near 58% of total exports in 2021. It was distantly followed by Bulgaria (X tons), Russia (X tons) and Ukraine (X tons), together committing a 40% share of total exports.

Exports from Poland increased at an average annual rate of +29.1% from 2012 to 2021. At the same time, Bulgaria (+82.1%), Ukraine (+47.1%) and Russia (+35.1%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +82.1% from 2012-2021. While the share of Bulgaria (+16 p.p.), Ukraine (+5.7 p.p.) and Russia (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Poland (-6.3 p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest abrasives supplier in Eastern Europe, comprising 72% of total exports. The second position in the ranking was held by Russia ($X), with a 17% share of total exports. It was followed by Ukraine, with a 3% share.

In Poland, abrasives exports expanded at an average annual rate of +11.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+31.1% per year) and Ukraine (+47.5% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, declining by -23.3% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 4.8% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+0.3%), while the other leaders experienced a decline in the export price figures.

Abrasives Imports

Imports in Eastern Europe

In 2021, approx. X tons of abrasives (natural) were imported in Eastern Europe; with an increase of 16% compared with 2020. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.7% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, abrasives imports skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Russia (X tons) and Poland (X tons) prevails in imports structure, together committing 86% of total imports. Bulgaria (X tons), the Czech Republic (X tons), Romania (X tons) and Belarus (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported abrasives (natural) in Eastern Europe, comprising 56% of total imports. The second position in the ranking was held by Poland ($X), with a 22% share of total imports. It was followed by the Czech Republic, with a 6.5% share.

In Russia, abrasives imports increased at an average annual rate of +10.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+6.8% per year) and the Czech Republic (+4.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, with an increase of 9.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the import price increased by 15%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :