Eastern Europe: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Eastern Europe

The East European polycarboxylic acid market rose slightly to $X in 2022, growing by 3.9% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Polycarboxylic Acid Production in Eastern Europe

In value terms, polycarboxylic acid production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Polycarboxylic Acid Exports

Exports in Eastern Europe

In 2022, the amount of polycarboxylic acids exported in Eastern Europe expanded slightly to X tons, surging by 2.2% on 2021. In general, exports showed modest growth. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, polycarboxylic acid exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Poland (X tons) was the major exporter of polycarboxylic acids, generating 67% of total exports. Russia (X tons) held the second position in the ranking, distantly followed by Belarus (X tons) and Hungary (X tons). All these countries together took near 28% share of total exports. Lithuania (X tons) held a relatively small share of total exports.

Poland experienced a relatively flat trend pattern with regard to volume of exports of polycarboxylic acids. At the same time, Belarus (+7.7%), Hungary (+6.2%), Russia (+5.2%) and Lithuania (+4.6%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +7.7% from 2012-2022. While the share of Russia (+5.5 p.p.), Belarus (+3.3 p.p.) and Hungary (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest polycarboxylic acid supplier in Eastern Europe, comprising 65% of total exports. The second position in the ranking was held by Russia ($X), with a 15% share of total exports. It was followed by Hungary, with a 7.7% share.

In Poland, polycarboxylic acid exports contracted by an average annual rate of -1.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+2.5% per year) and Hungary (+6.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by 17% against the previous year. In general, the export price, however, showed a mild setback. The pace of growth appeared the most rapid in 2021 when the export price increased by 44% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+0.4%), while the other leaders experienced mixed trends in the export price figures.

Polycarboxylic Acid Imports

Imports in Eastern Europe

In 2022, the amount of polycarboxylic acids imported in Eastern Europe dropped to X tons, waning by -4% compared with the year before. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.6% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 15%. Over the period under review, imports reached the maximum at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, polycarboxylic acid imports amounted to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +64.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Lithuania (X tons) was the key importer of polycarboxylic acids, comprising 49% of total imports. Russia (X tons) held a 31% share (based on physical terms) of total imports, which put it in second place, followed by Poland (10%). Belarus (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +6.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid importing markets in Eastern Europe were Lithuania ($X), Russia ($X) and Poland ($X), together comprising 85% of total imports.

Among the main importing countries, Poland, with a CAGR of +7.4%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price, however, showed a pronounced setback. The growth pace was the most rapid in 2021 an increase of 40%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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