Eastern Europe: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Eastern Europe

In 2021, the East European cyclic hydrocarbons market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Cyclic Hydrocarbons Production in Eastern Europe

In value terms, cyclic hydrocarbons production rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a slight reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by 64% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports in Eastern Europe

In 2021, shipments abroad of other cyclic hydrocarbons decreased by -20.8% to X tons, falling for the third consecutive year after three years of growth. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 176%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports skyrocketed to $X in 2021. Overall, exports faced a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by 700%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia represented the main exporter of other cyclic hydrocarbons in Eastern Europe, with the volume of exports recording X tons, which was near 83% of total exports in 2021. It was distantly followed by Belarus (X tons), generating an 11% share of total exports. The following exporters - the Czech Republic (X tons) and Poland (X tons) - together made up 4.3% of total exports.

Exports from Russia decreased at an average annual rate of -11.0% from 2012 to 2021. At the same time, Poland (+67.1%) and Belarus (+20.8%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +67.1% from 2012-2021. By contrast, the Czech Republic (-2.2%) illustrated a downward trend over the same period. Belarus (+11 p.p.) and Poland (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -14.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest cyclic hydrocarbons supplier in Eastern Europe, comprising 68% of total exports. The second position in the ranking was taken by Belarus ($X), with a 10% share of total exports. It was followed by Poland, with a 7.8% share.

In Russia, cyclic hydrocarbons exports contracted by an average annual rate of -15.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+24.0% per year) and Poland (+64.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 46% against the previous year. In general, the export price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of 190%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while Russia ($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 (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Cyclic Hydrocarbons Imports

Imports in Eastern Europe

In 2021, purchases abroad of other cyclic hydrocarbons increased by 102% to X tons, rising for the sixth year in a row after two years of decline. Overall, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons imports skyrocketed to $X in 2021. Over the period under review, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland represented the largest importing country with an import of around X tons, which recorded 66% of total imports. Russia (X tons) ranks second in terms of the total imports with a 17% share, followed by the Czech Republic (6.2%). The following importers - Hungary (X tons), Belarus (X tons) and Slovakia (X tons) - together made up 9.9% of total imports.

Poland was also the fastest-growing in terms of the other cyclic hydrocarbons imports, with a CAGR of +44.3% from 2012 to 2021. At the same time, Russia (+16.2%), Belarus (+10.4%), Slovakia (+5.6%), Hungary (+3.9%) and the Czech Republic (+1.7%) displayed positive paces of growth. From 2012 to 2021, the share of Poland and Russia increased by +62 and +8.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported other cyclic hydrocarbons in Eastern Europe, comprising 66% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total imports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland amounted to +40.1%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+8.2% per year) and Russia (+8.4% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 an increase of 81%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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