Poland: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Poland

In 2022, after two years of decline, there was significant growth in the Polish reaction initiators and accelerators market, when its value increased by 34% to $X. Over the period under review, consumption recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Poland

In value terms, reaction initiators and accelerators production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 10% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Poland

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 19% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 127%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, reaction initiators and accelerators exports plummeted to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 353% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined significantly in the following year.

Exports by Country

Germany (X tons), Portugal (X tons) and Romania (X tons) were the main destinations of reaction initiators and accelerators exports from Poland, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +271.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Poland, comprising 54% of total exports. The second position in the ranking was held by Portugal ($X), with a 16% share of total exports. It was followed by Slovakia, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +68.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+371.9% per year) and Slovakia (+117.9% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, declining by -31% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Ukraine ($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 Slovakia (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Poland

In 2022, imports of reaction initiators, reaction accelerators and catalytic preparations into Poland dropped notably to X tons, with a decrease of -27% on 2021. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 327%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports amounted to $X in 2022. In general, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by 342%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of reaction initiators and accelerators to Poland, with a 49% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), fivefold. Finland (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (+142.4% per year) and Finland (+17.0% per year).

In value terms, the largest reaction initiators and accelerators suppliers to Poland were Germany ($X), North Macedonia ($X) and the UK ($X), with a combined 81% share of total imports.

In terms of the main suppliers, North Macedonia, with a CAGR of +118.8%, 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

The average reaction initiators and accelerators import price stood at $X per ton in 2022, with an increase of 38% against the previous year. Overall, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2018 an increase of 64% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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