Eastern Europe: Degras Market 2024

Degras Market Size in Eastern Europe

After four years of growth, the East European degras market decreased by -22.5% to $X in 2021. In general, consumption showed a perceptible descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Degras Production in Eastern Europe

In value terms, degras production dropped to $X in 2021 estimated in export price. In general, production showed a perceptible descent. The growth pace was the most rapid in 2020 when the production volume increased by 19%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Degras Exports

Exports in Eastern Europe

In 2021, overseas shipments of degras were finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, degras exports skyrocketed to $X in 2021. In general, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) and Romania (X tons) represented roughly 80% of total exports in 2021. Poland (X tons) held the next position in the ranking, followed by Bulgaria (X tons). All these countries together took approx. 18% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +34.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the largest degras supplier in Eastern Europe, comprising 79% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports. It was followed by Bulgaria, with a 4% share.

In Romania, degras exports increased at an average annual rate of +53.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-8.1% per year) and Bulgaria (+10.5% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 30% against the previous year. In general, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+14.5%), while the other leaders experienced mixed trends in the export price figures.

Degras Imports

Imports in Eastern Europe

In 2021, supplies from abroad of degras decreased by -3% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 97% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, degras imports soared to $X in 2021. Over the period under review, imports continue to indicate a mild shrinkage. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ukraine was the main importing country with an import of about X tons, which reached 59% of total imports. Hungary (X tons) ranks second in terms of the total imports with a 17% share, followed by Russia (9.9%), Poland (8.1%) and Romania (4.9%). Belarus (X tons) took a minor share of total imports.

Imports into Ukraine decreased at an average annual rate of -15.8% from 2012 to 2021. At the same time, Romania (+49.5%), Belarus (+40.5%), Hungary (+33.2%) and Russia (+22.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +49.5% from 2012-2021. By contrast, Poland (-5.1%) illustrated a downward trend over the same period. While the share of Hungary (+16 p.p.), Russia (+9.5 p.p.), Romania (+4.8 p.p.), Poland (+4.1 p.p.) and Belarus (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ukraine (-26.4 p.p.) displayed negative dynamics.

In value terms, the largest degras importing markets in Eastern Europe were Hungary ($X), Ukraine ($X) and Romania ($X), with a combined 81% share of total imports.

Romania, with a CAGR of +41.8%, saw the highest growth rate of the value of imports, in terms of 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, increasing by 165% against the previous year. In general, the import price recorded a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Romania ($X per ton), while Russia ($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 (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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