Eastern Europe: Peroxosulphates Market 2024

Peroxosulphates Market Size in Eastern Europe

The East European peroxosulphates market soared to $X in 2021, with an increase of 17% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +158.3% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Peroxosulphates Production in Eastern Europe

In value terms, peroxosulphates production fell to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 215%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Peroxosulphates Exports

Exports in Eastern Europe

In 2021, shipments abroad of peroxosulphates (persulphates) decreased by -4% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 43% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, peroxosulphates exports surged to $X in 2021. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 63% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Russia (X tons) and Hungary (X tons) represented roughly 73% of total exports in 2021. Poland (X tons) ranks next in terms of the total exports with a 15% share, followed by the Czech Republic (6.7%). Lithuania (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hungary (with a CAGR of +48.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the largest peroxosulphates supplier in Eastern Europe, comprising 60% of total exports. The second position in the ranking was taken by Russia ($X), with a 23% share of total exports. It was followed by the Czech Republic, with a 7.4% share.

In Hungary, peroxosulphates exports expanded at an average annual rate of +44.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (+7.9% per year) and the Czech Republic (+25.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, with an increase of 30% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peroxosulphates export price increased by +56.9% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 37%. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Peroxosulphates Imports

Imports in Eastern Europe

For the fifth consecutive year, Eastern Europe recorded growth in overseas purchases of peroxosulphates (persulphates), which increased by 14% to X tons in 2021. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 73%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, peroxosulphates imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 78%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) represented the key importer of peroxosulphates (persulphates), achieving 57% of total imports. The Czech Republic (X tons) ranks second in terms of the total imports with a 21% share, followed by Hungary (8.1%) and Poland (7.3%). Belarus (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +10.6% from 2012 to 2021. At the same time, the Czech Republic (+25.4%), Hungary (+13.8%), Belarus (+7.0%) and Poland (+3.2%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +25.4% from 2012-2021. While the share of the Czech Republic (+14 p.p.) and Hungary (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Poland (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported peroxosulphates (persulphates) in Eastern Europe, comprising 52% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at -4.8%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+20.6% per year) and Poland (+5.0% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 2.9% against the previous year. Overall, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 7.1% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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