Eastern Europe: Market for Urea Resins And Thiourea Resins In Primary Forms 2025

Market Size for Urea Resins And Thiourea Resins In Primary Forms in Eastern Europe

In 2022, the East European urea and thiourea resins market increased by 7% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; afterwards, it flattened through to 2022.

Production of Urea Resins And Thiourea Resins In Primary Forms in Eastern Europe

In value terms, urea and thiourea resins production soared to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports in Eastern Europe

In 2022, shipments abroad of urea resins and thiourea resins in primary forms decreased by -9.7% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 12% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, urea and thiourea resins exports skyrocketed to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +95.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland represented the major exporting country with an export of about X tons, which finished at 45% of total exports. It was distantly followed by Russia (X tons), Romania (X tons), the Czech Republic (X tons), Slovakia (X tons) and Belarus (X tons), together achieving a 49% share of total exports. Hungary (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to urea and thiourea resins exports from Poland stood at -2.7%. At the same time, Belarus (+53.6%), the Czech Republic (+6.7%) and Russia (+4.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +53.6% from 2012-2022. Slovakia experienced a relatively flat trend pattern. By contrast, Romania (-1.6%) and Hungary (-4.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Belarus and the Czech Republic increased by +6.7, +5.3 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest urea and thiourea resins supplier in Eastern Europe, comprising 48% of total exports. The second position in the ranking was taken by Romania ($X), with an 11% share of total exports. It was followed by Russia, with an 11% share.

In Poland, urea and thiourea resins exports expanded at an average annual rate of +3.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+3.4% per year) and Russia (+3.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of 38% against the previous year. In general, the export price recorded temperate growth. The pace of growth was the most pronounced in 2021 when the export price increased by 60%. Over the period under review, the export prices attained the peak figure 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 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 Poland (+6.2%), while the other leaders experienced more modest paces of growth.

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in supplies from abroad of urea resins and thiourea resins in primary forms, when their volume decreased by -6.8% to X tons. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 29%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, urea and thiourea resins imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

The countries with the highest levels of urea and thiourea resins imports in 2022 were Poland (X tons), Belarus (X tons) and Ukraine (X tons), together amounting to 62% of total import. Bulgaria (X tons) held an 8.9% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (7.1%), Lithuania (5.1%) and Slovakia (4.8%). The Czech Republic (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lithuania (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Bulgaria ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 54% of total imports. Belarus, Hungary, Slovakia, Lithuania and the Czech Republic lagged somewhat behind, together accounting for a further 35%.

Lithuania, with a CAGR of +18.8%, recorded the highest rates of growth with regard to the value of imports, among 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, growing by 27% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins import price increased by +86.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 47%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Bulgaria ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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