Eastern Europe: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Eastern Europe

In 2022, the East European salts of acetic acid market increased by 0.8% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a mild setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Salts Of Acetic Acid in Eastern Europe

In value terms, salts of acetic acid production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in shipments abroad of salts of acetic acid, which increased by 0.7% to X tons in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 99% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, salts of acetic acid exports expanded notably to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Poland (X tons) and Slovakia (X tons) represented the largest exporters of salts of acetic acid in Eastern Europe, together creating 71% of total exports. Russia (X tons) ranks next in terms of the total exports with a 10% share, followed by the Czech Republic (9%) and Lithuania (4.9%). The following exporters - Hungary (X tons) and Romania (X tons) - each reached a 4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovakia (with a CAGR of +59.8%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest salts of acetic acid supplier in Eastern Europe, comprising 40% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 20% share of total exports. It was followed by the Czech Republic, with a 14% share.

In Poland, salts of acetic acid exports expanded at an average annual rate of +33.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Slovakia (+68.3% per year) and the Czech Republic (+15.3% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+13.4%), while the other leaders experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports in Eastern Europe

In 2022, purchases abroad of salts of acetic acid increased by 2.3% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, salts of acetic acid imports expanded remarkably to $X in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 66%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) and Poland (X tons) represented the largest importers of salts of acetic acid in Eastern Europe, together achieving 57% of total imports. It was distantly followed by the Czech Republic (X tons), Slovakia (X tons) and Hungary (X tons), together mixing up a 30% share of total imports. The following importers - Romania (X tons) and Lithuania (X tons) - each finished at an 8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +29.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported salts of acetic acid in Eastern Europe, comprising 39% of total imports. The second position in the ranking was held by Russia ($X), with a 19% share of total imports. It was followed by the Czech Republic, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +10.0%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+2.5% per year) and the Czech Republic (+11.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 8.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 30%. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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