Eastern Europe: Dicyandiamide Market 2024

Dicyandiamide Market Size in Eastern Europe

The East European dicyandiamide market shrank significantly to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a slight slump. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Dicyandiamide Production in Eastern Europe

In value terms, dicyandiamide production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Dicyandiamide Exports

Exports in Eastern Europe

In 2022, shipments abroad of X-cyanoguanidine (dicyandiamide) decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, dicyandiamide exports expanded significantly to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic was the major exporter of X-cyanoguanidine (dicyandiamide) in Eastern Europe, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Poland (X tons), Hungary (X tons), Belarus (X tons) and Bulgaria (X tons), together constituting a X% share of total exports. Russia (X kg) took a relatively small share of total exports.

Exports from the Czech Republic decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%), Belarus (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.), Hungary (X p.p.), Poland (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) and Belarus (X p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) remains the largest dicyandiamide supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with an X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic stood at X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dicyandiamide export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Dicyandiamide Imports

Imports in Eastern Europe

Dicyandiamide imports plummeted to X tons in 2022, shrinking by X% on 2021 figures. Overall, imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, dicyandiamide imports dropped sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main importer of X-cyanoguanidine (dicyandiamide), constituting X% of total imports. It was distantly followed by Slovakia (X tons), Ukraine (X tons), the Czech Republic (X tons) and Latvia (X tons), together comprising a X% share of total imports. The following importers - Romania (X tons) and Poland (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to dicyandiamide imports into Russia stood at X%. At the same time, Latvia (X%), Ukraine (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%), Poland (X%) and Romania (X%) illustrated a downward trend over the same period. While the share of Slovakia (X p.p.), Ukraine (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Romania (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported X-cyanoguanidine (dicyandiamide) in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dicyandiamide import price increased by X% against 2020 indices. 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 importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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