Eastern Europe: Propellant Powders Market 2024

Propellant Powders Market Size in Eastern Europe

The East European propellant powders market contracted modestly to $X in 2021, approximately reflecting the previous year. Overall, consumption recorded a perceptible decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Propellant Powders Production in Eastern Europe

In value terms, propellant powders production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Propellant Powders Exports

Exports in Eastern Europe

In 2021, exports of propellant powders in Eastern Europe expanded to X tons, growing by 3.9% against 2020. In general, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, propellant powders exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic dominates exports structure, reaching X tons, which was near 95% of total exports in 2021. Slovakia (X tons) followed a long way behind the leaders.

Exports from the Czech Republic increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Slovakia (+37.9%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +37.9% from 2012-2021. From 2012 to 2021, the share of the Czech Republic and Slovakia increased by +35 and +2.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest propellant powders supplier in Eastern Europe, comprising 93% of total exports. The second position in the ranking was held by Slovakia ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the Czech Republic stood at +7.6%.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, growing by 16% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, propellant powders export price increased by +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 35%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Slovakia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+9.1%).

Propellant Powders Imports

Imports in Eastern Europe

Propellant powders imports fell to X tons in 2021, with a decrease of -14.9% compared with the year before. Overall, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2013 when imports increased by 77% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, propellant powders imports surged to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.0% against 2017 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 46%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) represented the largest importer of propellant powders, making up 47% of total imports. Romania (X tons) held the second position in the ranking, distantly followed by Poland (X tons) and Lithuania (X tons). All these countries together took approx. 49% share of total imports. Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propellant powders importing markets in Eastern Europe were the Czech Republic ($X), Romania ($X) and Poland ($X), together accounting for 90% of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of +18.4%, 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, surging by 45% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per ton), while Lithuania ($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 (+18.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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