Eastern Europe: Carbides Market 2024

Carbides Market Size in Eastern Europe

In 2022, the East European carbides market increased by 0.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by 5.5%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Carbides Production in Eastern Europe

In value terms, carbides production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.9%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Carbides Exports

Exports in Eastern Europe

In 2022, approx. X tons of carbides were exported in Eastern Europe; with a decrease of -6.9% compared with the previous year's figure. In general, exports saw a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, carbides exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a modest increase. The most prominent rate of growth was recorded in 2017 when exports increased by 48%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Slovakia (X tons) and Russia (X tons) represented roughly 69% of total exports in 2022. Romania (X tons) took the next position in the ranking, followed by Ukraine (X tons) and Poland (X tons). All these countries together took approx. 26% share of total exports. The Czech Republic (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, together comprising 73% of total exports. Romania, Ukraine and Poland lagged somewhat behind, together accounting for a further 26%.

In terms of the main exporting countries, Poland, with a CAGR of +17.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by 25% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides export price increased by +60.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 32% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.8%), while the other leaders experienced more modest paces of growth.

Carbides Imports

Imports in Eastern Europe

In 2022, the amount of carbides imported in Eastern Europe fell modestly to X tons, which is down by -3.9% on the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 15%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, carbides imports skyrocketed to $X in 2022. Over the period under review, imports saw a mild decrease. The growth pace was the most rapid in 2014 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of carbides imports in 2022 were Poland (X tons), Russia (X tons) and the Czech Republic (X tons), together accounting for 86% of total import. The following importers - Belarus (X tons), Romania (X tons) and Hungary (X tons) - together made up 12% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +10.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest carbides importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together accounting for 90% of total imports.

Among the main importing countries, Russia, with a CAGR of +4.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 21% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Belarus ($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 (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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