Eastern Europe: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in Eastern Europe

In 2021, the East European peroxides of sodium market increased by 0.4% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption continues to indicate a slight expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Peroxides Of Sodium Production in Eastern Europe

In value terms, peroxides of sodium production shrank modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 46% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Peroxides Of Sodium Exports

Exports in Eastern Europe

In 2021, exports of peroxides of sodium or potassium in Eastern Europe rose notably to X tons, with an increase of 5.3% against the previous year's figure. In general, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 229% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, peroxides of sodium exports expanded markedly to $X in 2021. Overall, exports enjoyed a slight increase. The growth pace was the most rapid in 2018 with an increase of 448%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was approx. 89% of total exports in 2021. Poland (X tons) took the second position in the ranking, followed by Ukraine (X tons). All these countries together took approx. 10% share of total exports.

Exports from Russia increased at an average annual rate of +7.2% from 2012 to 2021. At the same time, Poland (+30.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +30.7% from 2012-2021. By contrast, Ukraine (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia and Poland increased by +20 and +4.9 percentage points, respectively.

In value terms, Russia ($X) remains the largest peroxides of sodium supplier in Eastern Europe, comprising 92% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 6.9% share of total exports.

In Russia, peroxides of sodium exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (+6.0% per year) and Poland (+16.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 67%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Ukraine ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+17.7%), while the other leaders experienced a decline in the export price figures.

Peroxides Of Sodium Imports

Imports in Eastern Europe

In 2021, supplies from abroad of peroxides of sodium or potassium was finally on the rise to reach X tons after four years of decline. Overall, imports saw a measured expansion. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, peroxides of sodium imports surged to $X in 2021. In general, imports, however, showed a slight shrinkage. The growth pace was the most rapid in 2017 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Slovakia (X tons) was the largest importer of peroxides of sodium or potassium, creating 64% of total imports. Ukraine (X tons) ranks second in terms of the total imports with an 18% share, followed by Russia (11%). The following importers - Poland (X tons) and Belarus (X tons) - together made up 4.4% of total imports.

Imports into Slovakia increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Russia (+61.2%) and Belarus (+8.2%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +61.2% from 2012-2021. By contrast, Ukraine (-1.2%) and Poland (-12.0%) illustrated a downward trend over the same period. While the share of Slovakia (+26 p.p.) and Russia (+10 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ukraine (-6.5 p.p.) and Poland (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest peroxides of sodium importing markets in Eastern Europe were Ukraine ($X), Russia ($X) and Belarus ($X), together accounting for 92% of total imports.

Among the main importing countries, Russia, with a CAGR of +57.2%, recorded 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

The import price in Eastern Europe stood at $X per ton in 2021, which is down by -59.4% against the previous year. Over the period under review, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when the import price increased by 88% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Slovakia ($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 (+18.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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