Eastern Europe: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Eastern Europe

The East European ferro-cerium and pyrophoric alloys market fell to $X in 2021, reducing by -5.5% against the previous year. In general, consumption saw a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Eastern Europe

In value terms, ferro-cerium and pyrophoric alloys production dropped to $X in 2021 estimated in export price. Overall, production saw a perceptible downturn. The growth pace was the most rapid in 2020 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in Eastern Europe

In 2021, the amount of ferro-cerium and pyrophoric alloys exported in Eastern Europe skyrocketed to X tons, increasing by 40% compared with 2020 figures. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 49%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 41% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, the Czech Republic (X tons) and Poland (X tons) represented the key exporters of ferro-cerium and pyrophoric alloys in Eastern Europe, together achieving 62% of total exports. Ukraine (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (6.3%) and Romania (5.7%). The following exporters - Hungary (X tons) and Lithuania (X tons) - together made up 6.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +130.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Ukraine ($X), together comprising 76% of total exports. These countries were followed by Bulgaria, Romania, Lithuania and Hungary, which together accounted for a further 20%.

Among the main exporting countries, Romania, with a CAGR of +113.9%, recorded the highest growth rate of 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 2021, the export price in Eastern Europe amounted to $X per ton, with a decrease of -8.7% against the previous year. Over the period under review, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2020 when the export price increased by 24% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Lithuania ($X per ton), while Ukraine ($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 (+1.9%), while the other leaders experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in Eastern Europe

Ferro-cerium and pyrophoric alloys imports soared to X tons in 2021, picking up by 44% compared with the year before. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.0% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.3% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of ferro-cerium and pyrophoric alloys imports in 2021 were Romania (X tons), Hungary (X tons), Poland (X tons) and Slovakia (X tons), together resulting at 73% of total import. The Czech Republic (X tons) took a 5.8% share (based on physical terms) of total imports, which put it in second place, followed by Estonia (5%), Latvia (4.9%) and Bulgaria (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys importing markets in Eastern Europe were Romania ($X), Poland ($X) and Hungary ($X), together accounting for 58% of total imports. Slovakia, the Czech Republic, Bulgaria, Estonia and Latvia lagged somewhat behind, together accounting for a further 36%.

In terms of the main importing countries, Estonia, with a CAGR of +14.9%, recorded 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 2021, the import price in Eastern Europe amounted to $X per ton, rising by 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

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 the Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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