Eastern Europe: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Eastern Europe

In 2022, the East European cellulose fibrecement sheet market increased by 10% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a noticeable slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Cellulose Fibrecement Sheet Production in Eastern Europe

In value terms, cellulose fibrecement sheet production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -13.7% to X tons. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, cellulose fibrecement sheet exports declined markedly to $X in 2022. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

The Czech Republic was the key exporter of sheets, panels and tiles of cellulose fibrecement in Eastern Europe, with the volume of exports finishing at X tons, which was approx. 50% of total exports in 2022. Lithuania (X tons) took the second position in the ranking, followed by Poland (X tons) and Hungary (X tons). All these countries together took near 43% share of total exports. The following exporters - Ukraine (X tons) and Russia (X tons) - together made up 5.4% of total exports.

The Czech Republic experienced a relatively flat trend pattern with regard to volume of exports of sheets, panels and tiles of cellulose fibrecement. At the same time, Hungary (+47.7%), Russia (+13.7%), Lithuania (+11.1%) and Poland (+3.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +47.7% from 2012-2022. By contrast, Ukraine (-5.0%) illustrated a downward trend over the same period. While the share of Lithuania (+10 p.p.) and Hungary (+9.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ukraine (-4.5 p.p.) and the Czech Republic (-15.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X), Hungary ($X) and Lithuania ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 86% of total exports.

Hungary, with a CAGR of +61.9%, 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

The export price in Eastern Europe stood at $X per ton in 2022, dropping by -4.2% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cellulose fibrecement sheet export price increased by +62.7% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 16% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then declined modestly in the following year.

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 ($X per ton), while Ukraine ($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 (+9.6%), while the other leaders experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas purchases of sheets, panels and tiles of cellulose fibrecement, which increased by 5.5% to X tons in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cellulose fibrecement sheet imports fell slightly to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

Russia (X tons), Poland (X tons), Estonia (X tons), Lithuania (X tons), Latvia (X tons), Hungary (X tons) and Romania (X tons) represented roughly 90% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Estonia (with a CAGR of +12.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Lithuania ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 47% share of total imports.

Hungary, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, falling by -7.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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