Eastern Europe: Maleic Anhydride Market 2024

Maleic Anhydride Market Size in Eastern Europe

The East European maleic anhydride market skyrocketed to $X in 2021, growing by 49% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Maleic Anhydride Production in Eastern Europe

In value terms, maleic anhydride production rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2019 when the production volume increased by 153%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Maleic Anhydride Exports

Exports in Eastern Europe

Maleic anhydride exports surged to X tons in 2021, jumping by 23% on the previous year. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, maleic anhydride exports skyrocketed to $X in 2021. In general, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary dominates exports structure, reaching X tons, which was approx. 94% of total exports in 2021. Russia (X tons) followed a long way behind the leaders.

Exports from Hungary increased at an average annual rate of +3.3% from 2012 to 2021. At the same time, Russia (+30.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +30.6% from 2012-2021. While the share of Russia (+3.8 p.p.) and Hungary (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) remains the largest maleic anhydride supplier in Eastern Europe, comprising 94% of total exports. The second position in the ranking was held by Russia ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Hungary totaled +5.7%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by 66% against the previous year. Export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Hungary amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.2%).

Maleic Anhydride Imports

Imports in Eastern Europe

In 2021, approx. X tons of maleic anhydride were imported in Eastern Europe; surging by 21% compared with the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% 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 increased by +87.4% against 2012 indices. The growth pace was the most rapid in 2016 with an increase of 29%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, maleic anhydride imports surged to $X in 2021. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) represented the largest importer of maleic anhydride, generating 54% of total imports. Russia (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (7.8%). Hungary (X tons), Bulgaria (X tons) and Slovakia (X tons) took a relatively small share of total imports.

Imports into Poland increased at an average annual rate of +5.1% from 2012 to 2021. At the same time, Bulgaria (+101.2%), the Czech Republic (+26.1%), Russia (+9.1%) and Hungary (+5.2%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +101.2% from 2012-2021. Slovakia experienced a relatively flat trend pattern. The Czech Republic (+6 p.p.), Russia (+3.7 p.p.) and Bulgaria (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while Slovakia and Poland saw its share reduced by -2.1% and -10.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported maleic anhydride in Eastern Europe, comprising 51% of total imports. The second position in the ranking was held by Russia ($X), with a 24% share of total imports. It was followed by the Czech Republic, with a 10% share.

In Poland, maleic anhydride imports expanded at an average annual rate of +5.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (+9.6% per year) and the Czech Republic (+28.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, jumping by 57% against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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