Eastern Europe: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Eastern Europe

The East European industrial fatty alcohols market totaled $X in 2021, growing by 6.8% against the previous year. Over the period under review, consumption saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Industrial Fatty Alcohols Production in Eastern Europe

In value terms, industrial fatty alcohols production shrank slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2018 with an increase of 13%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Industrial Fatty Alcohols Exports

Exports in Eastern Europe

Industrial fatty alcohols exports expanded notably to X tons in 2021, picking up by 12% on the previous year. Over the period under review, exports posted a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 91%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, industrial fatty alcohols exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 47% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Poland (X tons) and Russia (X tons) were the largest exporters of industrial fatty alcohols in Eastern Europe, together committing 71% of total exports. Lithuania (X tons) held the next position in the ranking, distantly followed by the Czech Republic (X tons) and Latvia (X tons). All these countries together took near 25% share of total exports. Hungary (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lithuania (with a CAGR of +54.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest industrial fatty alcohols supplying countries in Eastern Europe were Poland ($X), Russia ($X) and Lithuania ($X), with a combined 84% share of total exports.

Lithuania, with a CAGR of +36.0%, saw 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 2021, the export price in Eastern Europe amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 20%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Industrial Fatty Alcohols Imports

Imports in Eastern Europe

In 2021, industrial fatty alcohols imports in Eastern Europe soared to X tons, picking up by 15% compared with the year before. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial fatty alcohols imports soared to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons) and Poland (X tons) dominates imports structure, together generating 79% of total imports. Hungary (X tons) ranks next in terms of the total imports with a 9.7% share, followed by Slovakia (8.3%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +40.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Hungary ($X) were the countries with the highest levels of imports in 2021, together accounting for 88% of total imports.

Among the main importing countries, Hungary, with a CAGR of +37.2%, recorded the highest rates of growth with regard to 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 2021, increasing by 34% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hungary ($X per ton) and Russia ($X per ton), while Poland ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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