Eastern Europe: Silicates Market 2024

Silicates Market Size in Eastern Europe

After four years of growth, the East European silicates market decreased by -8.1% to $X in 2021. In general, consumption recorded a perceptible setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silicates Production in Eastern Europe

In value terms, silicates production reduced modestly to $X in 2021 estimated in export price. In general, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silicates Exports

Exports in Eastern Europe

In 2021, shipments abroad of silicates, commercial alkali metal silicates was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, silicates exports soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland was the key exporter of silicates, commercial alkali metal silicates in Eastern Europe, with the volume of exports resulting at X tons, which was near 63% of total exports in 2021. Ukraine (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (9.6%) and the Czech Republic (8.6%). Russia (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silicates exports from Poland stood at +4.0%. At the same time, the Czech Republic (+6.0%), Belarus (+4.7%) and Ukraine (+4.6%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +6.0% from 2012-2021. By contrast, Russia (-4.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia decreased by -2.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest silicates supplier in Eastern Europe, comprising 65% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 14% share of total exports. It was followed by the Czech Republic, with a 9.7% share.

In Poland, silicates exports expanded at an average annual rate of +5.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ukraine (+4.9% per year) and the Czech Republic (+8.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, increasing by 8.5% against the previous year. In general, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 10%. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Russia ($X per ton) and the Czech Republic ($X per ton), while Belarus ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.4%), while the other leaders experienced more modest paces of growth.

Silicates Imports

Imports in Eastern Europe

In 2021, the amount of silicates, commercial alkali metal silicates imported in Eastern Europe expanded modestly to X tons, increasing by 3.4% against 2020 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 16%. 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, silicates imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the key importing country with an import of around X tons, which accounted for 36% of total imports. The Czech Republic (X tons) ranks second in terms of the total imports with a 16% share, followed by Romania (13%), Poland (12%), Ukraine (6.2%) and Hungary (5.7%). Bulgaria (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of silicates, commercial alkali metal silicates. At the same time, Ukraine (+17.9%), Poland (+9.3%), Bulgaria (+3.0%) and Romania (+1.7%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +17.9% from 2012-2021. By contrast, the Czech Republic (-3.5%) and Hungary (-5.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Ukraine and Romania increased by +6.5, +4.8 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), the Czech Republic ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 70% of total imports.

Among the main importing countries, Poland, with a CAGR of +7.9%, recorded 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 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Hungary ($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 (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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