Eastern Europe: Aniline Market 2024

Aniline Market Size in Eastern Europe

The East European aniline market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Aniline Production in Eastern Europe

In value terms, aniline production expanded notably to $X in 2021 estimated in export price. In general, production saw a noticeable setback. The growth pace was the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Aniline Exports

Exports in Eastern Europe

In 2021, after two years of growth, there was significant decline in shipments abroad of aniline and its salts (excluding derivatives), when their volume decreased by -7.5% to X tons. In general, exports saw a slight contraction. The pace of growth was the most pronounced in 2019 when exports increased by 20% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, aniline exports soared to $X in 2021. Over the period under review, exports saw a noticeable descent. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic prevails in exports structure, recording X tons, which was near 98% of total exports in 2021. Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to aniline exports from the Czech Republic stood at -2.0%. At the same time, Hungary (+162.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +162.9% from 2012-2021. While the share of Hungary (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-1.7 p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) remains the largest aniline supplier in Eastern Europe, comprising 99% of total exports. The second position in the ranking was taken by Hungary ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Czech Republic amounted to -3.3%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, with an increase of 72% against the previous year. In general, the export price, however, continues to indicate a mild downturn. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Hungary amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.0%).

Aniline Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of aniline and its salts (excluding derivatives) decreased by -4.1% to X tons in 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 19%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, aniline imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Hungary prevails in imports structure, resulting at X tons, which was approx. 80% of total imports in 2021. Slovakia (X tons) took a 9.5% share (based on physical terms) of total imports, which put it in second place, followed by Russia (9.3%).

Hungary was also the fastest-growing in terms of the aniline and its salts (excluding derivatives) imports, with a CAGR of +3.7% from 2012 to 2021. Slovakia experienced a relatively flat trend pattern. Russia (-2.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hungary increased by +7.5 percentage points.

In value terms, Hungary ($X) constitutes the largest market for imported aniline and its salts (excluding derivatives) in Eastern Europe, comprising 76% of total imports. The second position in the ranking was held by Russia ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Hungary was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-4.2% per year) and Slovakia (-2.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 52% against the previous year. In general, the import price, however, showed a noticeable shrinkage. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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