Eastern Europe: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2025

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Eastern Europe

In 2022, the East European magnesium hydroxide and peroxide market decreased by -8.4% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption saw a pronounced decline. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Eastern Europe

In value terms, magnesium hydroxide and peroxide production reduced to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 58%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports in Eastern Europe

In 2022, exports of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium in Eastern Europe rose significantly to X tons, surging by 6.2% against 2021. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 141%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports reached $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 183% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2022. Slovakia (X tons) took a relatively small share of total exports.

Russia was also the fastest-growing in terms of the hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports, with a CAGR of +26.5% from 2012 to 2022. At the same time, Slovakia (+10.0%) displayed positive paces of growth. Russia (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while Slovakia saw its share reduced by -8.5% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest magnesium hydroxide and peroxide supplier in Eastern Europe, comprising 93% of total exports. The second position in the ranking was held by Slovakia ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +38.1%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, shrinking by -4.8% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 39%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.2%).

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports in Eastern Europe

In 2022, purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -39.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 61%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports rose rapidly to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 55%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, namely Poland, the Czech Republic, Ukraine and Hungary, represented more than two-thirds of total import. It was distantly followed by Russia (X tons) and Bulgaria (X tons), together generating a 13% share of total imports. Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 72% share of total imports.

The Czech Republic, with a CAGR of +25.6%, saw the highest rates of growth with regard to 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

The import price in Eastern Europe stood at $X per ton in 2022, increasing by 80% against the previous year. Overall, the import price continues to indicate buoyant growth. The growth pace was the most rapid in 2021 an increase of 155% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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 Russia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+21.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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