Eastern Europe: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Eastern Europe

The East European buta-1,3-diene and isoprene market skyrocketed to $X in 2022, with an increase of 1,478% against the previous year. Overall, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Buta-1,3-Diene And Isoprene Production in Eastern Europe

In value terms, buta-1,3-diene and isoprene production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports in Eastern Europe

In 2022, approx. X tons of buta-1,3-diene and isoprene were exported in Eastern Europe; with a decrease of -39.9% on the year before. In general, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2016 with an increase of 166%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, buta-1,3-diene and isoprene exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 160% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2022. The following exporters - Poland (X tons) and the Czech Republic (X tons) - each finished at a 6.3% share of total exports.

Hungary was also the fastest-growing in terms of the buta-1,3-diene and isoprene exports, with a CAGR of +20.1% from 2012 to 2022. Poland (-8.5%) and the Czech Republic (-20.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary increased by +94 percentage points.

In value terms, Hungary ($X) remains the largest buta-1,3-diene and isoprene supplier in Eastern Europe, comprising 93% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 3.3% share of total exports.

In Hungary, buta-1,3-diene and isoprene exports expanded at an average annual rate of +31.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-24.8% per year) and Poland (-14.5% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 14% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2021 when the export price increased by 67%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the other leaders experienced a decline in the export price figures.

Buta-1,3-Diene And Isoprene Imports

Imports in Eastern Europe

In 2022, approx. X tons of buta-1,3-diene and isoprene were imported in Eastern Europe; which is down by -17.1% against 2021. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 85%. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, buta-1,3-diene and isoprene imports contracted to $X in 2022. Overall, imports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2021 when imports increased by 127%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Poland (X tons) and the Czech Republic (X tons) prevails in imports structure, together generating 93% of total imports. It was distantly followed by Russia (X tons), achieving a 6.7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 100% of total imports.

Among the main importing countries, the Czech Republic, with a CAGR of +12.3%, saw 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

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by 10% against the previous year. Overall, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 when the import price increased by 62% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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