Ukraine: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Ukraine

The Ukrainian polyphenols and phenol-alcohols market stood at $X in 2022, standing approx. at the previous year. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.9% against 2020 indices. Polyphenols and phenol-alcohols consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Production in Ukraine

In value terms, polyphenols and phenol-alcohols production reached $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 75% against the previous year. Polyphenols and phenol-alcohols production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Ukraine

In 2022, polyphenols and phenol-alcohols exports from Ukraine fell notably to X tons, waning by -71% compared with the year before. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 318% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols exports fell notably to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 363% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lithuania (X tons) was the main destination for polyphenols and phenol-alcohols exports from Ukraine, with a 89% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Lithuania exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled +2,294.0%.

In value terms, Lithuania ($X) emerged as the key foreign market for polyphenols and phenol-alcohols exports from Ukraine, comprising 72% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania amounted to +1,108.8%.

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, falling by -5.7% against the previous year. Overall, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2015 an increase of 88%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the average price for exports to Lithuania totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Polyphenols And Phenol-Alcohols Imports

Imports into Ukraine

In 2022, the amount of polyphenols and phenol-alcohols imported into Ukraine contracted sharply to X tons, reducing by -53.1% on 2021 figures. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2013 when imports increased by 79% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports shrank dramatically to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 74%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest polyphenols and phenol-alcohols supplier to Ukraine, accounting for a 81% share of total imports. Moreover, polyphenols and phenol-alcohols imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. The third position in this ranking was held by Estonia (X kg), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+36.8% per year) and Estonia (+5.5% per year).

In value terms, China ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Ukraine, comprising 88% of total imports. The second position in the ranking was taken by Italy ($X), with a 3.6% share of total imports. It was followed by Estonia, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.3% per year) and Estonia (-2.4% per year).

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, growing by 29% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 76% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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