Eastern Europe: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Eastern Europe

In 2021, the East European market for refractory products of siliceous or diatomite earths decreased by -2.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, showed a slight setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Refractory Products of Siliceous or Diatomite Earths in Eastern Europe

In value terms, production of refractory products of siliceous or diatomite earths rose to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 13%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports in Eastern Europe

Exports of refractory products of siliceous or diatomite earths surged to X tons in 2021, rising by 273% compared with the year before. Overall, exports saw a mild expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. Over the period under review, exports enjoyed a pronounced expansion. The growth pace was the most rapid in 2019 when exports increased by 114%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Slovakia represented the key exporter of refractory products of siliceous or diatomite earths in Eastern Europe, with the volume of exports accounting for X tons, which was near 55% of total exports in 2021. Russia (X tons) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Poland (5.2%). The following exporters - the Czech Republic (X tons) and Hungary (X tons) - each finished at a 4.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +52.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Russia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2021, with a combined 83% share of total exports.

Slovakia, with a CAGR of +38.0%, recorded the highest rates of growth with regard to 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

In 2021, the export price in Eastern Europe amounted to $X per ton, dropping by -51.6% against the previous year. In general, the export price, however, continues to indicate mild growth. The pace of growth appeared the most rapid in 2018 when the export price increased by 53%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+30.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports in Eastern Europe

For the fifth year in a row, Eastern Europe recorded growth in overseas purchases of refractory products of siliceous or diatomite earths, which increased by 16% to X tons in 2021. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by 101%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of refractory products of siliceous or diatomite earths fell significantly to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 228% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

The Czech Republic dominates earths structure, reaching X tons, which was approx. 79% of total imports in 2021. Poland (X tons) ranks second in terms of the total imports with a 6% share, followed by Russia (5.7%). Romania (X tons), Lithuania (X tons) and Hungary (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to refractory products of siliceous or diatomite earths imports into the Czech Republic stood at +29.2%. At the same time, Hungary (+34.1%), Poland (+25.5%), Russia (+19.7%) and Lithuania (+2.2%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +34.1% from 2012-2021. By contrast, Romania (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic and Poland increased by +40 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported refractory products of siliceous or diatomite earths in Eastern Europe, comprising 40% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 16% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +32.0%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+11.5% per year) and Poland (+15.3% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, reducing by -57.6% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 207% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :