Eastern Europe: Pre-Coated Aggregates Market 2024

Pre-Coated Aggregates Market Size in Eastern Europe

The East European pre-coated aggregates market surged to $X in 2022, with an increase of 35% against the previous year. Overall, consumption, however, recorded temperate growth. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Pre-Coated Aggregates Production in Eastern Europe

In value terms, pre-coated aggregates production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a measured expansion. The pace of growth was the most pronounced in 2015 with an increase of 162%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Pre-Coated Aggregates Exports

Exports in Eastern Europe

In 2022, shipments abroad of pre-coated aggregates increased by 7.1% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by 540% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pre-coated aggregates exports surged to $X in 2022. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 194%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Latvia (X tons) was the largest exporter of pre-coated aggregates, generating 59% of total exports. Belarus (X tons) ranks second in terms of the total exports with a 28% share, followed by Hungary (12%).

From 2012 to 2022, average annual rates of growth with regard to pre-coated aggregates exports from Latvia stood at +7.5%. At the same time, Belarus (+8.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +8.2% from 2012-2022. By contrast, Hungary (-29.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Latvia and Hungary increased by +59 and +12 percentage points, respectively.

In value terms, the largest pre-coated aggregates supplying countries in Eastern Europe were Latvia ($X), Hungary ($X) and Belarus ($X), together accounting for 93% of total exports.

Among the main exporting countries, Latvia, with a CAGR of +8.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of 38% against the previous year. Over the period under review, the export price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2015 when the export price increased by 132%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Latvia (+0.9%).

Pre-Coated Aggregates Imports

Imports in Eastern Europe

In 2022, purchases abroad of pre-coated aggregates decreased by -0.6% to X tons, falling for the third consecutive year after two years of growth. Overall, imports faced a precipitous descent. The pace of growth was the most pronounced in 2018 with an increase of 1,425%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pre-coated aggregates imports dropped markedly to $X in 2022. Over the period under review, imports recorded a sharp setback. The pace of growth appeared the most rapid in 2018 when imports increased by 1,248% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lithuania represented the main importing country with an import of about X tons, which reached 66% of total imports. Estonia (X tons) held the second position in the ranking, followed by the Czech Republic (X tons) and Slovakia (X tons). All these countries together took approx. 31% share of total imports. Belarus (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pre-coated aggregates imports into Lithuania stood at +62.5%. At the same time, Slovakia (+101.0%) and the Czech Republic (+61.3%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +101.0% from 2012-2022. By contrast, Estonia (-9.5%) and Belarus (-16.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lithuania, Estonia, the Czech Republic, Slovakia and Belarus increased by +66, +14, +8.3, +7.9 and +2.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lithuania ($X) constitutes the largest market for imported pre-coated aggregates in Eastern Europe, comprising 52% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 25% share of total imports. It was followed by Estonia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Lithuania amounted to +55.9%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+54.7% per year) and Estonia (-13.6% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, shrinking by -29.4% against the previous year. Overall, the import price, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of 808%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained 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 ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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