Eastern Europe: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Eastern Europe

In 2022, the East European polyphenols and phenol-alcohols market increased by 3.1% to $X, rising for the sixth year in a row after two years of decline. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +54.9% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Polyphenols And Phenol-Alcohols Production in Eastern Europe

In value terms, polyphenols and phenol-alcohols production stood at $X in 2022 estimated in export price. Overall, production, however, posted a notable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 108% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in Eastern Europe

In 2022, after seven years of growth, there was significant decline in overseas shipments of polyphenols and phenol-alcohols, when their volume decreased by -7.7% to X tons. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by 123% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, polyphenols and phenol-alcohols exports dropped to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2017 with an increase of 135%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Estonia dominates exports structure, reaching X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Lithuania (X tons), mixing up a 5.7% share of total exports. The Czech Republic (X tons) followed a long way behind the leaders.

Exports from Estonia increased at an average annual rate of +35.6% from 2012 to 2022. At the same time, Lithuania (+81.7%) and the Czech Republic (+24.6%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +81.7% from 2012-2022. Estonia (+33 p.p.) and Lithuania (+5.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyphenols and phenol-alcohols supplying countries in Eastern Europe were Estonia ($X), Lithuania ($X) and the Czech Republic ($X), with a combined 89% share of total exports.

Lithuania, with a CAGR of +76.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by 1.9% against the previous year. In general, the export price, however, showed a deep setback. The growth pace was the most rapid in 2014 an increase of 88% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Estonia ($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 (+7.0%), while the other leaders experienced a decline in the export price figures.

Polyphenols And Phenol-Alcohols Imports

Imports in Eastern Europe

In 2022, imports of polyphenols and phenol-alcohols in Eastern Europe reduced slightly to X tons, standing approx. at 2021. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols imports amounted to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +38.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 35% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Poland (X tons) represented the key importer of polyphenols and phenol-alcohols, constituting 40% of total imports. Russia (X tons) ranks second in terms of the total imports with a 24% share, followed by the Czech Republic (18%) and Hungary (9.8%). The following importers - Slovakia (X tons) and Lithuania (X tons) - together made up 5.7% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lithuania (with a CAGR of +27.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyphenols and phenol-alcohols importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising 85% of total imports. Hungary, Slovakia and Lithuania lagged somewhat behind, together accounting for a further 11%.

Lithuania, with a CAGR of +31.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 2022, with an increase of 4.8% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +68.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 33%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Hungary ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :