Eastern Europe: Market for Butene (Butylene) And Isomers Thereof 2024

Market Size for Butene (Butylene) And Isomers Thereof in Eastern Europe

In 2021, after five years of growth, there was decline in the East European butene and isomers thereof market, when its value decreased by -2.6% to $X. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 5.9%. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Butene (Butylene) And Isomers Thereof in Eastern Europe

In value terms, butene and isomers thereof production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9.3%. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Butene (Butylene) And Isomers Thereof

Exports in Eastern Europe

In 2021, approx. X tons of butene (butylene) and isomers thereof were exported in Eastern Europe; falling by -97.8% on 2020 figures. In general, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2019 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, butene and isomers thereof exports contracted significantly to $X in 2021. Overall, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2019 with an increase of 1.8%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the major exporter of butene (butylene) and isomers thereof in Eastern Europe, with the volume of exports resulting at X tons, which was approx. 61% of total exports in 2021. It was distantly followed by Bulgaria (X tons), generating a 36% share of total exports. Poland (X kg) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +19.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest butene and isomers thereof supplying countries in Eastern Europe were Russia ($X), Bulgaria ($X) and Poland ($X).

In terms of the main exporting countries, Bulgaria, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, declining by -19.7% against the previous year. In general, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 19%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($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 (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Butene (Butylene) And Isomers Thereof

Imports in Eastern Europe

In 2021, purchases abroad of butene (butylene) and isomers thereof increased by 13% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports, however, faced a precipitous slump. The pace of growth was the most pronounced in 2015 when imports increased by 53%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, butene and isomers thereof imports surged to $X in 2021. In general, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 47% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the main importing country with an import of around X tons, which reached 66% of total imports. Hungary (X tons) took the second position in the ranking, followed by Poland (X tons) and the Czech Republic (X tons). All these countries together held near 34% share of total imports.

Russia was also the fastest-growing in terms of the butene (butylene) and isomers thereof imports, with a CAGR of +8.8% from 2012 to 2021. Poland and Hungary experienced a relatively flat trend pattern. the Czech Republic (-14.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Hungary, Poland and the Czech Republic increased by +62, +13, +11 and +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported butene (butylene) and isomers thereof in Eastern Europe, comprising 67% of total imports. The second position in the ranking was taken by Hungary ($X), with a 16% share of total imports. It was followed by Poland, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +4.1%. The remaining importing countries recorded the following average annual rates of imports growth: Hungary (-2.9% per year) and Poland (-6.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, rising by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2014 when the import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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