Poland: Hydantoin Market 2024

Hydantoin Market Size in Poland

The Polish hydantoin market contracted to $X in 2022, declining by -6.9% against the previous year. Over the period under review, consumption showed a noticeable setback. Hydantoin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hydantoin Production in Poland

In value terms, hydantoin production contracted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 119%. Hydantoin production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Hydantoin Exports

Exports from Poland

In 2022, overseas shipments of hydantoin and its derivatives decreased by -40.6% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,265%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydantoin exports reduced dramatically to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 487% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for hydantoin exports from Poland, accounting for a 45% share of total exports. Moreover, hydantoin exports to India exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+65.3% per year) and Belarus (+29.4% per year).

In value terms, India ($X) remains the key foreign market for hydantoin and its derivatives exports from Poland, comprising 47% of total exports. The second position in the ranking was held by Russia ($X), with a 21% share of total exports. It was followed by Belarus, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+64.6% per year) and Belarus (+28.2% per year).

Export Prices by Country

In 2022, the average hydantoin export price amounted to $X per ton, growing by 4.8% against the previous year. In general, the export price, however, recorded a slight decline. The growth pace was the most rapid in 2017 when the average export price increased by 108% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+34.2%), while the prices for the other major destinations experienced mixed trend patterns.

Hydantoin Imports

Imports into Poland

In 2022, overseas purchases of hydantoin and its derivatives decreased by -18.8% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 43%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydantoin imports shrank to $X in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 19%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Israel (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of hydantoin imports to Poland, together accounting for 44% of total imports. Spain, China, Austria, the UK, France and Belgium lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +1.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest hydantoin suppliers to Poland were the UK ($X), the United States ($X) and China ($X), together comprising 62% of total imports.

Among the main suppliers, the UK, with a CAGR of +9.6%, recorded the highest rates of growth with regard to 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

In 2022, the average hydantoin import price amounted to $X per ton, growing by 14% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydantoin import price increased by +18.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 66%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Israel ($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 UK (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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