Eastern Europe: Carbonate Market 2024

Carbonate Market Size in Eastern Europe

The East European carbonate market expanded notably to $X in 2021, increasing by 6.9% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Carbonate Production in Eastern Europe

In value terms, carbonate production expanded sharply to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 12%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Carbonate Exports

Exports in Eastern Europe

In 2021, overseas shipments of carbonates and peroxocarbonates were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by 14%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, carbonate exports rose sharply to $X in 2021. Over the period under review, exports, however, recorded a noticeable decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) and Russia (X tons) represented roughly 83% of total exports in 2021. It was distantly followed by Poland (X tons), mixing up a 15% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +3.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest carbonate supplying countries in Eastern Europe were Bulgaria ($X), Russia ($X) and Poland ($X), together accounting for 96% of total exports.

Among the main exporting countries, Poland, with a CAGR of +0.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 6.3%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Bulgaria ($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 (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Carbonate Imports

Imports in Eastern Europe

Carbonate imports expanded rapidly to X tons in 2021, surging by 11% compared with 2020. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, carbonate imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons), Ukraine (X tons), the Czech Republic (X tons), Belarus (X tons), Romania (X tons), Russia (X tons), Hungary (X tons), Latvia (X tons), Slovakia (X tons) and Lithuania (X tons) was the main importer of carbonates and peroxocarbonates in Eastern Europe, generating 96% of total import. Estonia (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Latvia (with a CAGR of +40.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2021, together comprising 57% of total imports. Ukraine, Belarus, Romania, Hungary, Slovakia, Lithuania, Estonia and Latvia lagged somewhat behind, together comprising a further 41%.

Latvia, with a CAGR of +12.7%, recorded the highest rates of growth with regard to 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, growing by 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2017 an increase of 7.7% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

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 Russia ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+14.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :