Eastern Europe: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Eastern Europe

The East European cyclic hydrocarbons market fell to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a pronounced setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Eastern Europe

In value terms, cyclic hydrocarbons production fell to $X in 2022 estimated in export price. Overall, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports in Eastern Europe

Cyclic hydrocarbons exports shrank to X tons in 2022, standing approx. at 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports reduced slightly to $X in 2022. In general, exports recorded a slight setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia represented the largest exporter of cyclic hydrocarbons in Eastern Europe, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hungary (X tons), Poland (X tons), the Czech Republic (X tons) and Slovakia (X tons), together generating a X% share of total exports. Belarus (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cyclic hydrocarbons exports from Russia stood at X%. At the same time, Belarus (X%), Hungary (X%), the Czech Republic (X%), Romania (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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, shrinking by X% against the previous year. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Belarus ($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 (X%), while the other leaders experienced a decline in the export price figures.

Cyclic Hydrocarbons Imports

Imports in Eastern Europe

In 2022, approx. X tons of cyclic hydrocarbons were imported in Eastern Europe; which is down by X% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, cyclic hydrocarbons imports contracted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Poland (X tons), distantly followed by Hungary (X tons), the Czech Republic (X tons), Russia (X tons), Estonia (X tons) and Belarus (X tons) represented the largest importers of cyclic hydrocarbons, together committing X% of total imports.

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

In value terms, the largest cyclic hydrocarbons importing markets in Eastern Europe were Poland ($X), Hungary ($X) and the Czech Republic ($X), with a combined X% share of total imports. Russia, Estonia and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Russia, with a CAGR of X%, 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 X% against the previous year. In general, the import price, however, showed a mild curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 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 ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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