Eastern Europe: Artificial Staple Fibre Market 2024

Artificial Staple Fibre Market Size in Eastern Europe

The East European artificial staple fibre market contracted significantly to $X in 2021, waning by -22.2% against the previous year. In general, consumption recorded a mild setback. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Artificial Staple Fibre Production in Eastern Europe

In value terms, artificial staple fibre production contracted notably to $X in 2021 estimated in export price. In general, production continues to indicate a mild slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 89% against the previous year. As a result, production attained the peak level of $X, and then contracted rapidly in the following year.

Artificial Staple Fibre Exports

Exports in Eastern Europe

In 2021, approx. X tons of artificial staple fibres were exported in Eastern Europe; which is down by -49.7% on the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 297% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial staple fibre exports contracted sharply to $X in 2021. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 195%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria represented the key exporter of artificial staple fibres in Eastern Europe, with the volume of exports recording X tons, which was near 46% of total exports in 2021. The Czech Republic (X tons) ranks second in terms of the total exports with a 22% share, followed by Poland (13%) and Russia (13%). Lithuania (X kg) followed a long way behind the leaders.

Exports from Bulgaria increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Poland (+11.9%) and Russia (+9.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +11.9% from 2012-2021. By contrast, Lithuania (-15.0%) and the Czech Republic (-17.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bulgaria, Poland and Russia increased by +35, +12 and +11 percentage points, respectively.

In value terms, Bulgaria ($X) remains the largest artificial staple fibre supplier in Eastern Europe, comprising 46% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total exports. It was followed by Poland, with a 17% share.

From 2012 to 2021, the average annual growth rate of value in Bulgaria totaled +5.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-12.2% per year) and Poland (+25.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, jumping by 24% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the export price increased by 79% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+16.0%), while the other leaders experienced more modest paces of growth.

Artificial Staple Fibre Imports

Imports in Eastern Europe

Artificial staple fibre imports shrank slightly to X tons in 2021, reducing by -1.8% against 2020. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, artificial staple fibre imports declined modestly to $X in 2021. Overall, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 53% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Bulgaria represented the largest importer of artificial staple fibres in Eastern Europe, with the volume of imports finishing at X tons, which was approx. 41% of total imports in 2021. The Czech Republic (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Poland (11%), Romania (11%), Russia (4.7%) and Belarus (4.5%). Estonia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), the Czech Republic ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2021, with a combined 80% share of total imports. These countries were followed by Belarus, Romania, Russia and Estonia, which together accounted for a further 19%.

In terms of the main importing countries, Belarus, with a CAGR of +25.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, falling by -2.3% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, artificial staple fibre import price decreased by -29.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by 38%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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