Eastern Europe: Polyurethanes Market 2024

Polyurethanes Market Size in Eastern Europe

In 2021, the East European polyurethanes market increased by 16% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Polyurethanes Production in Eastern Europe

In value terms, polyurethanes production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Polyurethanes Exports

Exports in Eastern Europe

In 2021, overseas shipments of polyurethanes in primary forms increased by 17% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes exports soared to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) and Romania (X tons) represented the major exporters of polyurethanes in primary forms in 2021, resulting at approx. 30% and 24% of total exports, respectively. Russia (X tons) ranks next in terms of the total exports with a 15% share, followed by Hungary (9.1%) and the Czech Republic (8.6%). The following exporters - Lithuania (X tons) and Estonia (X tons) - together made up 7.2% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +8.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polyurethanes supplying countries in Eastern Europe were Poland ($X), Romania ($X) and Russia ($X), together comprising 67% of total exports.

Poland, with a CAGR of +8.6%, saw the highest rates of growth with regard to the value of exports, among 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 2021, growing by 21% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Hungary ($X per ton), while Lithuania ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.8%), while the other leaders experienced more modest paces of growth.

Polyurethanes Imports

Imports in Eastern Europe

After two years of decline, overseas purchases of polyurethanes in primary forms increased by 14% to X tons in 2021. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 17% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, polyurethanes imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) and Poland (X tons) were the major importers of polyurethanes in primary forms in Eastern Europe, together accounting for approx. 49% of total imports. Ukraine (X tons) held the next position in the ranking, followed by the Czech Republic (X tons), Hungary (X tons), Romania (X tons) and Slovakia (X tons). All these countries together took near 41% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +6.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, together comprising 61% of total imports. Ukraine, Romania, Hungary and Slovakia lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Romania, with a CAGR of +8.5%, saw 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, with an increase of 13% against the previous year. Overall, the import price recorded a modest expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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