Eastern Europe: Plaster Article Market 2024

Plaster Article Market Size in Eastern Europe

The East European plaster article market expanded to $X in 2021, increasing by 1.7% against the previous year. The market value increased at an average annual rate of +1.4% 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 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Plaster Article Production in Eastern Europe

In value terms, plaster article production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% 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 2017 when the production volume increased by 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plaster Article Exports

Exports in Eastern Europe

In 2021, shipments abroad of articles of plaster or of compositions based on plaster increased by 5.3% to X tons, rising for the sixth consecutive year after two years of decline. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.0% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 15% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, plaster article exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.7% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) and Bulgaria (X tons) represented roughly 50% of total exports in 2021. Russia (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (11%), Latvia (8.9%) and Romania (6.9%). Hungary (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +16.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article supplying countries in Eastern Europe were Poland ($X), Bulgaria ($X) and the Czech Republic ($X), together comprising 66% of total exports. Russia, Latvia, Romania and Hungary lagged somewhat behind, together comprising a further 30%.

Russia, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, rising by 10% against the previous year. In general, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the other leaders experienced more modest paces of growth.

Plaster Article Imports

Imports in Eastern Europe

In 2021, overseas purchases of articles of plaster or of compositions based on plaster increased by 5.6% to X tons, rising for the sixth consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 8.9% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, plaster article imports surged to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 +77.5% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of plaster article imports in 2021 were Romania (X tons), Hungary (X tons), Lithuania (X tons), Poland (X tons), the Czech Republic (X tons), Slovakia (X tons) and Estonia (X tons), together resulting at 82% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the Czech Republic ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 43% of total imports.

Hungary, with a CAGR of +10.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, surging by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while Hungary ($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 (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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