Ukraine: Isocyanates Market 2024

Isocyanates Market Size in Ukraine

The Ukrainian isocyanates market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a deep contraction. Isocyanates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Isocyanates Production in Ukraine

In value terms, isocyanates production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Isocyanates production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Isocyanates Exports

Exports from Ukraine

In 2022, the amount of isocyanates exported from Ukraine soared to X tons, with an increase of X% compared with the previous year. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, isocyanates exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for isocyanates exports from Ukraine, with a X% share of total exports. Moreover, isocyanates exports to Latvia exceeded the volume sent to the second major destination, the United States (X tons), sevenfold.

From 2015 to 2022, the average annual rate of growth in terms of volume to Latvia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Poland (X% per year).

In value terms, Latvia ($X) emerged as the key foreign market for isocyanates exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2015 to 2022, the average annual growth rate of value to Latvia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average isocyanates export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, showed a notable expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Isocyanates Imports

Imports into Ukraine

In 2022, isocyanates imports into Ukraine fell notably to X tons, reducing by X% compared with 2021. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, isocyanates imports contracted dramatically to $X in 2022. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest isocyanates supplier to Ukraine, with a X% share of total imports. Moreover, isocyanates imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of isocyanates to Ukraine, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average isocyanates import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per ton) and China ($X per ton), while the price for Turkey ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :