Ukraine: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Ukraine

The Ukrainian polycarboxylic acid market reduced to $X in 2022, declining by -8.4% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +1.5% against 2018 indices. Polycarboxylic acid consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Polycarboxylic Acid Production in Ukraine

In value terms, polycarboxylic acid production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.8% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 80% against the previous year. Polycarboxylic acid production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports from Ukraine

In 2022, shipments abroad of polycarboxylic acids decreased by -90.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 516%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports dropped dramatically to $X in 2022. Over the period under review, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 409%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Belarus (X tons) and Latvia (X tons) were the main destinations of polycarboxylic acid exports from Ukraine, together accounting for 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +82.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for polycarboxylic acids exports from Ukraine, comprising 51% of total exports. The second position in the ranking was held by Belarus ($X), with a 19% share of total exports. It was followed by Latvia, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +112.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-22.9% per year) and Latvia (+18.6% per year).

Export Prices by Country

The average polycarboxylic acid export price stood at $X per ton in 2022, growing by 95% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Latvia ($X per ton), while the average price for exports to Russia ($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 (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Ukraine

In 2022, the amount of polycarboxylic acids imported into Ukraine fell markedly to X tons, which is down by -56.1% compared with 2021 figures. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarboxylic acid imports contracted significantly to $X in 2022. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of polycarboxylic acid imports to Ukraine, together accounting for 66% of total imports. China, Germany, South Korea, Austria, Belarus and Russia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +113.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to Ukraine were the Czech Republic ($X), Poland ($X) and the Netherlands ($X), together comprising 65% of total imports. China, Germany, South Korea, Austria, Belarus and Russia lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Austria, with a CAGR of +74.1%, saw 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 polycarboxylic acid import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 67%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :