Eastern Europe: Quinones Market 2024

Quinones Market Size in Eastern Europe

The East European quinones market expanded sharply to $X in 2022, picking up by 7.1% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Quinones Production in Eastern Europe

In value terms, quinones production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 0.6% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Quinones Exports

Exports in Eastern Europe

In 2022, overseas shipments of quinones were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 4,627%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, quinones exports soared to $X in 2022. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 580%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the main exporter of quinones in Eastern Europe, with the volume of exports recording X tons, which was approx. 60% of total exports in 2022. It was distantly followed by Estonia (X tons), generating a 36% share of total exports. Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Estonia (with a CAGR of +309.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the largest quinones supplier in Eastern Europe, comprising 71% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hungary amounted to +84.4%. In the other countries, the average annual rates were as follows: Russia (+80.9% per year) and Estonia (+276.9% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, declining by -72.5% against the previous year. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of 327%. Over the period under review, the export prices attained the maximum 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 ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+16.6%), while the other leaders experienced a decline in the export price figures.

Quinones Imports

Imports in Eastern Europe

In 2022, approx. X tons of quinones were imported in Eastern Europe; reducing by -11.8% compared with the year before. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 42%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, quinones imports skyrocketed to $X in 2022. In general, imports recorded a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Russia represented the largest importer of quinones in Eastern Europe, with the volume of imports amounting to X tons, which was approx. 53% of total imports in 2022. Hungary (X tons) ranks second in terms of the total imports with a 25% share, followed by Poland (19%).

Imports into Russia decreased at an average annual rate of -10.0% from 2012 to 2022. At the same time, Hungary (+53.8%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +53.8% from 2012-2022. By contrast, Poland (-6.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary and Poland increased by +25 and +2.3 percentage points, respectively.

In value terms, Hungary ($X) constitutes the largest market for imported quinones in Eastern Europe, comprising 44% of total imports. The second position in the ranking was taken by Russia ($X), with a 21% share of total imports.

In Hungary, quinones imports expanded at an average annual rate of +38.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (-4.4% per year) and Poland (+1.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by 82% against the previous year. Over the period under review, the import price saw modest growth. As a result, import price reached 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 Hungary ($X per ton), while Russia ($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 (+8.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :