Eastern Europe: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Eastern Europe

In 2021, the East European ionones and methylionones market decreased by -14% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ionones And Methylionones Production in Eastern Europe

In value terms, ionones and methylionones production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a temperate increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 1,375% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ionones And Methylionones Exports

Exports in Eastern Europe

In 2021, the amount of ionones and methylionones exported in Eastern Europe skyrocketed to X kg, growing by 419% against the previous year. In general, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2016 with an increase of 1,825%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ionones and methylionones exports skyrocketed to $X in 2021. Over the period under review, exports posted modest growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,753%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Poland represented the key exporter of ionones and methylionones in Eastern Europe, with the volume of exports finishing at X kg, which was approx. 53% of total exports in 2021. Ukraine (X kg) took the second position in the ranking, distantly followed by Lithuania (X kg). All these countries together held near 45% share of total exports. Slovakia (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ukraine (with a CAGR of +99.7%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the largest ionones and methylionones supplier in Eastern Europe, comprising 86% of total exports. The second position in the ranking was held by Ukraine ($X), with a 6.3% share of total exports. It was followed by Poland, with a 3.9% share.

In Slovakia, ionones and methylionones exports expanded at an average annual rate of +2.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ukraine (+127.6% per year) and Poland (+62.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per kg, dropping by -48.1% against the previous year. Overall, the export price, however, continues to indicate a measured increase. The pace of growth was the most pronounced in 2014 an increase of 3,030%. As a result, the export price attained the peak level of $X per kg. From 2015 to 2021, the export prices failed to regain momentum.

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 Slovakia ($X per kg), while Poland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+31.8%), while the other leaders experienced mixed trends in the export price figures.

Ionones And Methylionones Imports

Imports in Eastern Europe

In 2021, the amount of ionones and methylionones imported in Eastern Europe amounted to X tons, therefore, remained relatively stable against the previous year's figure. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 59% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, ionones and methylionones imports declined sharply to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 110% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X tons), distantly followed by Poland (X tons), Ukraine (X tons), Latvia (X tons) and Russia (X tons) were the key importers of ionones and methylionones, together creating 97% of total imports. Hungary (X kg) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 78% of total imports. Ukraine, Latvia and Hungary lagged somewhat behind, together comprising a further 19%.

Among the main importing countries, Hungary, with a CAGR of +15.1%, 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

In 2021, the import price in Eastern Europe amounted to $X per ton, reducing by -17% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Hungary ($X per ton), while Latvia ($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 (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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