Eastern Europe: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Eastern Europe

The East European industrial monocarboxylic fatty acids market shrank markedly to $X in 2021, with a decrease of -24.1% against the previous year. Over the period under review, consumption showed a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in Eastern Europe

In value terms, industrial monocarboxylic fatty acids production fell sharply to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 34%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Eastern Europe

In 2021, approx. X tons of industrial monocarboxylic fatty acids were exported in Eastern Europe; declining by -6.7% on 2020. The total export volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

The shipments of the four major exporters of industrial monocarboxylic fatty acids, namely Russia, Ukraine, Poland and Bulgaria, represented more than two-thirds of total export. It was distantly followed by the Czech Republic (X tons), comprising a 5.7% share of total exports. Hungary (X tons), Romania (X tons) and Belarus (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +19.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Ukraine ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 66% share of total exports. Bulgaria, the Czech Republic, Hungary, Romania and Belarus lagged somewhat behind, together comprising a further 30%.

In terms of the main exporting countries, Bulgaria, with a CAGR of +17.7%, 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

The export price in Eastern Europe stood at $X per ton in 2021, rising by 39% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +71.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+2.5%), while the other leaders experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in overseas purchases of industrial monocarboxylic fatty acids, which increased by 7.8% to X tons in 2021. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 +66.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 26%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland dominates imports structure, reaching X tons, which was approx. 66% of total imports in 2021. The Czech Republic (X tons) ranks second in terms of the total imports with a 9.7% share, followed by Russia (7.4%) and Hungary (5%). The following importers - Estonia (X tons), Romania (X tons) and Lithuania (X tons) - together made up 8.4% of total imports.

Imports into Poland increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Lithuania (+27.3%), Romania (+13.2%), the Czech Republic (+7.9%), Russia (+4.3%) and Estonia (+3.7%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +27.3% from 2012-2021. By contrast, Hungary (-1.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic, Poland, Lithuania and Romania increased by +2.8, +2.8, +1.9 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported industrial monocarboxylic fatty acids in Eastern Europe, comprising 59% of total imports. The second position in the ranking was held by Russia ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 10% share.

In Poland, industrial monocarboxylic fatty acids imports increased at an average annual rate of +5.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+11.2% per year) and the Czech Republic (+8.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, surging by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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