Eastern Europe: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Eastern Europe

After two years of growth, the East European unsaturated acyclic hydrocarbons market decreased by -10.5% to $X in 2021. Overall, consumption recorded a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 6%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in Eastern Europe

In value terms, unsaturated acyclic hydrocarbons production reached $X in 2021 estimated in export price. In general, production, however, showed a deep contraction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports in Eastern Europe

In 2021, the amount of unsaturated acyclic hydrocarbons exported in Eastern Europe skyrocketed to X tons, jumping by 72% on the previous year's figure. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 227%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports soared to $X in 2021. In general, exports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2013 when exports increased by 143%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, reaching X tons, which was approx. 89% of total exports in 2021. The Czech Republic (X tons) and Hungary (X tons) took a little share of total exports.

Russia was also the fastest-growing in terms of the unsaturated acyclic hydrocarbons exports, with a CAGR of +15.1% from 2012 to 2021. At the same time, Hungary (+9.5%) displayed positive paces of growth. By contrast, the Czech Republic (-7.2%) illustrated a downward trend over the same period. Russia (+26 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by -17.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest unsaturated acyclic hydrocarbons supplier in Eastern Europe, comprising 59% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total exports.

In Russia, unsaturated acyclic hydrocarbons exports expanded at an average annual rate of +7.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-4.7% per year) and Hungary (+13.2% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, which is down by -6.7% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 89% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 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 the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Unsaturated Acyclic Hydrocarbons Imports

Imports in Eastern Europe

In 2021, purchases abroad of unsaturated acyclic hydrocarbons decreased by -34.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 162%. As a result, imports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, unsaturated acyclic hydrocarbons imports declined significantly to $X in 2021. In general, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2020 when imports increased by 238% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Russia represented the main importer of unsaturated acyclic hydrocarbons in Eastern Europe, with the volume of imports reaching X tons, which was near 68% of total imports in 2021. Hungary (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (8.9%) and Ukraine (4.9%). Slovakia (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the unsaturated acyclic hydrocarbons imports, with a CAGR of +9.6% from 2012 to 2021. At the same time, Hungary (+2.6%) and Ukraine (+1.2%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. By contrast, Slovakia (-10.5%) illustrated a downward trend over the same period. While the share of Russia (+47 p.p.), Hungary (+6 p.p.), the Czech Republic (+3 p.p.) and Ukraine (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Slovakia (-1.7 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported unsaturated acyclic hydrocarbons in Eastern Europe, comprising 64% of total imports. The second position in the ranking was held by Hungary ($X), with a 12% share of total imports. It was followed by the Czech Republic, with a 9.5% share.

In Russia, unsaturated acyclic hydrocarbons imports increased at an average annual rate of +6.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hungary (-0.6% per year) and the Czech Republic (-1.1% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, dropping by -2.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 29% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+5.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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