Eastern Europe: Thiosulphates Market 2024

Thiosulphates Market Size in Eastern Europe

The East European thiosulphates market skyrocketed to $X in 2021, with an increase of 29% against the previous year. Over the period under review, consumption saw a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Thiosulphates Production in Eastern Europe

In value terms, thiosulphates production amounted to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.2% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 82% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Thiosulphates Exports

Exports in Eastern Europe

In 2021, the amount of thiosulphates exported in Eastern Europe soared to X tons, growing by 132% against the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 254%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, thiosulphates exports skyrocketed to $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 172% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Russia dominates exports structure, resulting at X tons, which was approx. 76% of total exports in 2021. Poland (X tons) ranks second in terms of the total exports with a 9.9% share, followed by Romania (7.9%) and Lithuania (4.7%).

From 2012 to 2021, average annual rates of growth with regard to thiosulphates exports from Russia stood at +30.8%. At the same time, Lithuania (+92.3%), Poland (+48.1%) and Romania (+39.9%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +92.3% from 2012-2021. Poland (+6.2 p.p.), Lithuania (+4.5 p.p.) and Romania (+3 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -10% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest thiosulphates supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was held by Romania ($X), with a 19% share of total exports. It was followed by Poland, with a 19% share.

In Russia, thiosulphates exports increased at an average annual rate of +20.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Romania (+34.0% per year) and Poland (+45.3% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, which is down by -10.4% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the export price increased by 25% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-1.9%), while the other leaders experienced a decline in the export price figures.

Thiosulphates Imports

Imports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas purchases of thiosulphates, which increased by 50% to X tons in 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 105%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, thiosulphates imports skyrocketed to $X in 2021. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 98% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Ukraine was the main importing country with an import of around X tons, which resulted at 39% of total imports. Bulgaria (X tons) ranks second in terms of the total imports with a 17% share, followed by Lithuania (15%), Belarus (11%) and Romania (6.1%). Poland (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to thiosulphates imports into Ukraine stood at +53.3%. At the same time, Lithuania (+123.2%), Bulgaria (+82.9%), Romania (+48.2%), Belarus (+40.5%) and Poland (+26.8%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +123.2% from 2012-2021. By contrast, Russia (-9.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ukraine, Bulgaria, Lithuania, Belarus and Romania increased by +33, +17, +14, +7.2 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) constitutes the largest market for imported thiosulphates in Eastern Europe, comprising 37% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 16% share of total imports. It was followed by Lithuania, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Ukraine stood at +47.3%. In the other countries, the average annual rates were as follows: Bulgaria (+52.0% per year) and Lithuania (+88.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, waning by -4.6% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2015 an increase of 27%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while Lithuania ($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 (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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