Eastern Europe: Isocyanates Market 2024

Isocyanates Market Size in Eastern Europe

The East European isocyanates market fell to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Isocyanates Production in Eastern Europe

In value terms, isocyanates production rose markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Isocyanates Exports

Exports in Eastern Europe

Isocyanates exports reduced markedly to X tons in 2022, shrinking by X% against 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, isocyanates exports dropped to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Hungary (X tons), together resulting at X% of total export.

Hungary was also the fastest-growing in terms of the isocyanates exports, with a CAGR of X% from 2012 to 2022. Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) also remains the largest isocyanates supplier in Eastern Europe.

In Hungary, isocyanates exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isocyanates export price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for Hungary.

From 2012 to 2022, the rate of growth in terms of prices for Hungary amounted to X% per year.

Isocyanates Imports

Imports in Eastern Europe

After five years of growth, overseas purchases of isocyanates decreased by X% to X tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, isocyanates imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) and Russia (X tons) were the largest importers of isocyanates in Eastern Europe, together accounting for near X% of total imports. It was distantly followed by Romania (X tons) and Hungary (X tons), together committing a X% share of total imports. The following importers - the Czech Republic (X tons), Lithuania (X tons) and Ukraine (X tons) - together made up X% of total imports.

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

In value terms, Poland ($X), Russia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Czech Republic, Hungary, Lithuania and Ukraine lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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, approximately reflecting the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 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 Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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