Eastern Europe: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Eastern Europe

After three years of growth, the East European acyclic hydrocarbons market decreased by -X% to $X in 2020. The total consumption indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The level of consumption peaked at $X in 2019, and then reduced in the following year.

Acyclic Hydrocarbons Production in Eastern Europe

In value terms, acyclic hydrocarbons production shrank rapidly to $X in 2020 estimated in export prices. The total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019, and then dropped notably in the following year.

Production By Country in Eastern Europe

Russia (X tons) constituted the country with the largest volume of acyclic hydrocarbons production, comprising approx. X% of total volume. Moreover, acyclic hydrocarbons production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), more than tenfold. The third position in this ranking was occupied by Ukraine (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Russia amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Poland (+X% per year) and Ukraine (+X% per year).

Acyclic Hydrocarbons Exports

Exports in Eastern Europe

In 2020, the amount of acyclic hydrocarbons exported in Eastern Europe rose to X tons, with an increase of X% against the previous year. Over the period under review, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, acyclic hydrocarbons exports fell dramatically to $X in 2020. Overall, exports showed a slight reduction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Russia was the main exporter of acyclic hydrocarbons in Eastern Europe, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2020. Poland (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Hungary (X%) and Belarus (X%). Ukraine (X tons), Slovakia (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to acyclic hydrocarbons exports from Russia stood at +X%. At the same time, Belarus (+X%), Poland (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +X% from 2007-2020. Hungary experienced a relatively flat trend pattern. By contrast, Romania (-X%) and Ukraine (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Russia, Belarus and Poland increased by +X%, +X% and +X% percentage points, while Romania (-X p.p.), Hungary (-X p.p.) and Ukraine (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest acyclic hydrocarbons supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Russia amounted to +X%. In the other countries, the average annual rates were as follows: Poland (+X% per year) and Hungary (-X% per year).

Export Prices by Country

The acyclic hydrocarbons export price in Eastern Europe stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Hungary ($X per ton) and Poland ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Eastern Europe

In 2020, supplies from abroad of acyclic hydrocarbons decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons imports shrank remarkably to $X in 2020. Overall, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Poland represented the key importing country with an import of around X tons, which resulted at X% of total imports. The Czech Republic (X tons) ranks second in terms of the total imports with a X% share, followed by Hungary (X%), Romania (X%), Belarus (X%), Ukraine (X%) and Russia (X%).

Poland was also the fastest-growing in terms of the acyclic hydrocarbons imports, with a CAGR of +X% from 2007 to 2020. At the same time, Hungary (+X%) and Russia (+X%) displayed positive paces of growth. Romania experienced a relatively flat trend pattern. By contrast, the Czech Republic (-X%), Belarus (-X%) and Ukraine (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Poland and Hungary increased by +X% and +X% percentage points, while the Czech Republic (-X p.p.), Belarus (-X p.p.) and Ukraine (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

In terms of the main importing countries, Poland recorded the highest growth rate of 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 acyclic hydrocarbons import price in Eastern Europe stood at $X per ton in 2020, approximately equating the previous year. In general, the import price recorded a perceptible slump. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :