Eastern Europe: Hydantoin Market 2025

Hydantoin Market Size in Eastern Europe

The East European hydantoin market shrank modestly to $X in 2022, dropping by -2% against the previous year. Overall, consumption continues to indicate a mild decrease. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Hydantoin Production in Eastern Europe

In value terms, hydantoin production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports in Eastern Europe

Hydantoin exports skyrocketed to X tons in 2022, surging by 47% compared with the previous year. In general, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 697% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydantoin exports surged to $X in 2022. Overall, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 535%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Bulgaria (X tons), distantly followed by Poland (X tons), Ukraine (X tons), Lithuania (X tons), Russia (X tons) and Latvia (X tons) were the key exporters of hydantoin and its derivatives, together generating 92% of total exports. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +121.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest hydantoin supplying countries in Eastern Europe were Bulgaria ($X), Poland ($X) and Ukraine ($X), together comprising 68% of total exports. The Czech Republic, Lithuania, Latvia and Russia lagged somewhat behind, together comprising a further 29%.

Latvia, with a CAGR of +123.7%, recorded the highest growth rate of the value of exports, in terms of 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, with an increase of 20% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 114%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($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 (+17.1%), while the other leaders experienced more modest paces of growth.

Hydantoin Imports

Imports in Eastern Europe

In 2022, overseas purchases of hydantoin and its derivatives decreased by -11.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2014 with an increase of 35%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hydantoin imports dropped to $X in 2022. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2014 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the major importer of hydantoin and its derivatives, achieving 56% of total imports. It was distantly followed by Poland (X tons) and Romania (X tons), together creating a 33% share of total imports. The following importers - the Czech Republic (X tons), Hungary (X tons) and Ukraine (X tons) - together made up 9.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydantoin imports into Russia stood at +3.1%. At the same time, Romania (+21.4%) and Hungary (+16.1%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +21.4% from 2012-2022. By contrast, Poland (-9.9%), the Czech Republic (-12.7%) and Ukraine (-20.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Romania and Hungary increased by +29, +7.9 and +3 percentage points, respectively.

In value terms, the largest hydantoin importing markets in Eastern Europe were Russia ($X), Poland ($X) and Romania ($X), together comprising 84% of total imports. Hungary, Ukraine and the Czech Republic lagged somewhat behind, together comprising a further 13%.

Among the main importing countries, Hungary, with a CAGR of +16.5%, 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

The import price in Eastern Europe stood at $X per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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 Hungary ($X per ton), while Romania ($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 (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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