Eastern Europe: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Eastern Europe

In 2022, the East European heterocyclic compound market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, saw a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Heterocyclic Compound Production in Eastern Europe

In value terms, heterocyclic compound production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced descent. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Heterocyclic Compound Exports

Exports in Eastern Europe

After two years of growth, overseas shipments of heterocyclic compounds decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, heterocyclic compound exports rose significantly to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the Czech Republic (X tons) represented the main exporter of heterocyclic compounds, making up X% of total exports. It was distantly followed by Poland (X tons), generating an X% share of total exports. Hungary (X tons) took a relatively small share of total exports.

Exports from the Czech Republic decreased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest heterocyclic compound supplying countries in Eastern Europe were Hungary ($X), Poland ($X) and the Czech Republic ($X), with a combined X% share of total exports.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the export price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. In general, the export price saw a prominent increase. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Hungary ($X per ton), while the Czech Republic ($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.

Heterocyclic Compound Imports

Imports in Eastern Europe

In 2022, the amount of heterocyclic compounds imported in Eastern Europe surged to X tons, growing by X% on 2021 figures. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, heterocyclic compound imports stood at $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Russia was the major importing country with an import of about X tons, which amounted to X% of total imports. Hungary (X tons) ranks second in terms of the total imports with an X% share, followed by Romania (X%) and Poland (X%). Ukraine (X tons), Belarus (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported heterocyclic compounds in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Russia, heterocyclic compound imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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