Poland: Isocyanates Market 2024

Isocyanates Market Size in Poland

In 2022, after two years of growth, there was decline in the Polish isocyanates market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Isocyanates consumption peaked at $X in 2021, and then reduced in the following year.

Isocyanates Production in Poland

In value terms, isocyanates production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced downturn. The growth pace was the most rapid in 2020 when the production volume increased by X%. Isocyanates production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Isocyanates Exports

Exports from Poland

In 2022, approx. X tons of isocyanates were exported from Poland; waning by X% on 2021. Over the period under review, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, isocyanates exports surged to $X in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons), Belarus (X tons) and Russia (X tons) were the main destinations of isocyanates exports from Poland, with a combined X% share of total exports. Estonia, Bulgaria, Germany, Turkey, the United States, Georgia, Serbia and Uzbekistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for isocyanates exported from Poland were Ukraine ($X), Russia ($X) and Belarus ($X), with a combined X% share of total exports. Estonia, the United States, Germany, Bulgaria, Turkey, Georgia, Serbia and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Georgia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average isocyanates export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Isocyanates Imports

Imports into Poland

In 2022, overseas purchases of isocyanates decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, total imports indicated a prominent 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, isocyanates imports declined slightly to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

Hungary (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of isocyanates imports to Poland, together accounting for X% of total imports. South Korea, Saudi Arabia, Belgium, Italy and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest isocyanates suppliers to Poland were Hungary ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. South Korea, Saudi Arabia, Italy, Belgium and France lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 isocyanates import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a temperate increase 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, isocyanates import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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