Eastern Europe: Acetic Anhydride Market 2024

Acetic Anhydride Market Size in Eastern Europe

The East European acetic anhydride market declined sharply to $X in 2021, with a decrease of -51.3% against the previous year. In general, consumption, however, showed strong growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Acetic Anhydride Production in Eastern Europe

In value terms, acetic anhydride production fell to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Acetic Anhydride Exports

Exports in Eastern Europe

In 2021, overseas shipments of acetic anhydride were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a drastic downturn. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, acetic anhydride exports skyrocketed to $X in 2021. Overall, exports posted a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) and Hungary (X tons) dominates exports structure, together constituting 84% of total exports. Poland (X tons) held an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by Estonia (5.7%). Latvia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +12.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Czech Republic ($X) remains the largest acetic anhydride supplier in Eastern Europe, comprising 59% of total exports. The second position in the ranking was taken by Hungary ($X), with a 23% share of total exports. It was followed by Estonia, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Czech Republic stood at +1.6%. In the other countries, the average annual rates were as follows: Hungary (+11.2% per year) and Estonia (+6.9% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, with an increase of 4.7% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 120% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+20.7%), while the other leaders experienced more modest paces of growth.

Acetic Anhydride Imports

Imports in Eastern Europe

In 2021, approx. X tons of acetic anhydride were imported in Eastern Europe; which is down by -64.3% against the previous year's figure. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 232%. Over the period under review, imports reached the peak figure at X tons in 2020, and then plummeted in the following year.

In value terms, acetic anhydride imports fell significantly to $X in 2021. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 278% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X tons) represented the main importer of acetic anhydride, making up 46% of total imports. Poland (X tons) held the second position in the ranking, distantly followed by Ukraine (X tons) and the Czech Republic (X tons). All these countries together held approx. 51% 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 Hungary (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constitutes the largest market for imported acetic anhydride in Eastern Europe, comprising 45% of total imports. The second position in the ranking was held by Ukraine ($X), with a 23% share of total imports. It was followed by the Czech Republic, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hungary totaled +48.8%. The remaining importing countries recorded the following average annual rates of imports growth: Ukraine (+21.2% per year) and the Czech Republic (+8.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, picking up by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Poland ($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 (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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