Ukraine: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Ukraine

The Ukrainian aromatic hydrocarbon mixtures market surged to $X in 2022, growing by 66% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +106.2% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aromatic Hydrocarbon Mixtures Production in Ukraine

In value terms, aromatic hydrocarbon mixtures production fell to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Ukraine

In 2022, overseas shipments of naphthalene and other aromatic hydrocarbon mixtures decreased by -72.1% to X tons, falling for the third year in a row after four years of growth. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 123% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures exports shrank significantly to $X in 2022. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 88% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Lithuania (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Ukraine, accounting for a 52% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to Lithuania exceeded the volume sent to the second major destination, Estonia (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania stood at +354.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+368.5% per year) and Turkey (+1.3% per year).

In value terms, Lithuania ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Ukraine, comprising 60% of total exports. The second position in the ranking was taken by Estonia ($X), with a 17% share of total exports. It was followed by Turkey, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania totaled +307.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+294.0% per year) and Turkey (+1.9% per year).

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, with an increase of 29% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures export price increased by +110.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62%. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey ($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 Russia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports into Ukraine

In 2022, overseas purchases of naphthalene and other aromatic hydrocarbon mixtures decreased by -48.2% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a dramatic contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 152%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports declined significantly to $X in 2022. Overall, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 63%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Ukraine, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +16.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Ukraine, comprising 67% of total imports. The second position in the ranking was held by Germany ($X), with a 26% share of total imports. It was followed by Spain, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and Spain (-48.8% per year).

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, jumping by 63% against the previous year. In general, the import price showed temperate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+91.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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