Eastern Europe: Phenols Market 2024

Phenols Market Size in Eastern Europe

The East European phenols market fell slightly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Phenols Production in Eastern Europe

In value terms, phenols production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Phenols Exports

Exports in Eastern Europe

In 2022, phenols exports in Eastern Europe expanded rapidly to X tons, increasing by X% against 2021. In general, exports, however, showed a slight shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phenols exports reduced to $X in 2022. Overall, exports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia was the major exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Poland (X tons), committing a X% share of total exports. Lithuania (X tons), the Czech Republic (X tons) and Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to phenols exports from Russia stood at X%. At the same time, Lithuania (X%), Estonia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%) illustrated a downward trend over the same period. While the share of Lithuania (X p.p.) and Estonia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest phenols supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with an X% share.

In Russia, phenols exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a slight setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Phenols Imports

Imports in Eastern Europe

In 2022, phenols imports in Eastern Europe dropped to X tons, with a decrease of X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, phenols imports expanded significantly to $X in 2022. Total imports indicated resilient growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) was the main importer of phenols, creating X% of total imports. The Czech Republic (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%). The following importers - Latvia (X tons), Russia (X tons), Lithuania (X tons) and Romania (X tons) - together made up X% of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%), Belarus (X%), the Czech Republic (X%) and Romania (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Latvia experienced a relatively flat trend pattern. By contrast, Russia (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Belarus (X p.p.) and Lithuania (X p.p.) significantly strengthened its position in terms of the total imports, while Latvia, Russia and Poland saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a modest increase 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, phenols import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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