Eastern Europe: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Eastern Europe

The East European double or complex silicates market skyrocketed to $X in 2021, jumping by 26% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Double Or Complex Silicates in Eastern Europe

In value terms, double or complex silicates production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a pronounced contraction. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Double Or Complex Silicates

Exports in Eastern Europe

In 2021, the amount of double or complex silicates exported in Eastern Europe totaled X tons, with an increase of 2.4% compared with the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 175% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, double or complex silicates exports totaled $X in 2021. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 267% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Poland dominates exports structure, recording X tons, which was near 92% of total exports in 2021. It was distantly followed by Russia (X tons), mixing up a 5.2% share of total exports.

Poland was also the fastest-growing in terms of the double or complex silicates exports, with a CAGR of +51.1% from 2012 to 2021. At the same time, Russia (+4.9%) displayed positive paces of growth. Poland (+90 p.p.) and Russia (+2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest double or complex silicates supplier in Eastern Europe, comprising 90% of total exports. The second position in the ranking was held by Russia ($X), with a 4.8% share of total exports.

In Poland, double or complex silicates exports expanded at an average annual rate of +58.2% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 9.5% against the previous year. Over the period under review, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 77% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.7%).

Imports of Double Or Complex Silicates

Imports in Eastern Europe

In 2021, double or complex silicates imports in Eastern Europe fell to X tons, standing approx. at 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 8.2%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports surged to $X in 2021. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 33%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

Poland represented the key importer of double or complex silicates in Eastern Europe, with the volume of imports accounting for X tons, which was near 50% of total imports in 2021. The Czech Republic (X tons) took the second position in the ranking, followed by Russia (X tons) and Bulgaria (X tons). All these countries together held near 44% share of total imports. Romania (X tons) followed a long way behind the leaders.

Imports into Poland decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, Bulgaria (+27.4%) and the Czech Republic (+9.3%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +27.4% from 2012-2021. By contrast, Russia (-5.4%) and Romania (-12.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bulgaria and the Czech Republic increased by +9.8 and +9.7 percentage points, respectively.

In value terms, Poland ($X) constitutes the largest market for imported double or complex silicates in Eastern Europe, comprising 82% of total imports. The second position in the ranking was taken by Russia ($X), with an 8.7% share of total imports. It was followed by the Czech Republic, with a 5% share.

From 2012 to 2021, the average annual growth rate of value in Poland amounted to +29.3%. In the other countries, the average annual rates were as follows: Russia (+3.3% per year) and the Czech Republic (+7.0% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, surging by 30% against the previous year. In general, the import price saw a remarkable increase. The growth pace was the most rapid in 2015 when the import price increased by 33% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, 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 (+30.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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