Eastern Europe: Unsaturated Monohydric Alcohols Market 2024

Unsaturated Monohydric Alcohols Market Size in Eastern Europe

In 2022, after three years of growth, there was decline in the East European unsaturated monohydric alcohols market, when its value decreased by X% to $X. Overall, consumption showed a noticeable reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Unsaturated Monohydric Alcohols Production in Eastern Europe

In value terms, unsaturated monohydric alcohols production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Unsaturated Monohydric Alcohols Exports

Exports in Eastern Europe

In 2022, shipments abroad of unsaturated monohydric alcohols decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, unsaturated monohydric alcohols exports soared to $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Romania was the largest exporting country with an export of about X tons, which amounted to X% of total exports. Slovakia (X tons) ranks second in terms of the total exports with a X% share, followed by Lithuania (X%). Latvia (X tons), Bulgaria (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to unsaturated monohydric alcohols exports from Romania stood at X%. At the same time, Bulgaria (X%), Latvia (X%), Lithuania (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, Lithuania, Latvia and Bulgaria increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest unsaturated monohydric alcohols supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Slovakia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (X% per year) and Lithuania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unsaturated monohydric alcohols export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% 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 Slovakia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Unsaturated Monohydric Alcohols Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of unsaturated monohydric alcohols, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank markedly in the following year.

In value terms, unsaturated monohydric alcohols imports rose modestly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Russia prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Poland (X tons) and the Czech Republic (X tons), together comprising a X% share of total imports. Hungary (X tons) and Latvia (X tons) held a relatively small share of total imports.

Russia was also the fastest-growing in terms of the unsaturated monohydric alcohols imports, with a CAGR of X% from 2012 to 2022. At the same time, Hungary (X%), Latvia (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. From 2012 to 2022, the share of Russia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest unsaturated monohydric alcohols importing markets in Eastern Europe were Russia ($X), Poland ($X) and Hungary ($X), together accounting for X% of total imports.

Among the main importing countries, Hungary, with a CAGR of X%, saw 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 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Russia ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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