Eastern Europe: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Eastern Europe

In 2020, after three years of growth, there was significant decline in the East European acyclic hydrocarbons market, when its value decreased by X% to $X. The total consumption indicated a resilient increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by X% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2019, and then reduced in the following year.

Acyclic Hydrocarbons Production in Eastern Europe

In value terms, acyclic hydrocarbons production shrank markedly to $X in 2020 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019, and then declined sharply in the following year.

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Acyclic Hydrocarbons Exports

Exports in Eastern Europe

Acyclic hydrocarbons exports amounted to X tons in 2020, with an increase of X% on the previous year's figure. In general, exports, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2020, the growth of the exports failed to regain momentum.

In value terms, acyclic hydrocarbons exports fell sharply to $X in 2020. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia represented the main exporter of acyclic hydrocarbons in Eastern Europe, with the volume of exports recording X tons, which was near X% of total exports in 2020. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Hungary (X%) and Belarus (X%). Ukraine (X tons), Slovakia (X tons) and Romania (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2020. At the same time, Belarus (X%), Poland (X%), Romania (X%), Hungary (X%), Ukraine (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2020. From 2012 to 2020, the share of Poland, Belarus, Hungary and Ukraine increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest acyclic hydrocarbons supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2020, the export price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Hungary ($X per ton) and Poland ($X per ton), while Belarus ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Eastern Europe

In 2020, overseas purchases of acyclic hydrocarbons decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2020, the growth of imports failed to regain momentum.

In value terms, acyclic hydrocarbons imports dropped dramatically to $X in 2020. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Poland was the main importer of acyclic hydrocarbons in Eastern Europe, with the volume of imports amounting to X tons, which was near X% of total imports in 2020. The Czech Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%), Romania (X%), Belarus (X%), Ukraine (X%) and Russia (X%).

Imports into Poland increased at an average annual rate of X% from 2012 to 2020. At the same time, Belarus (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2020. The Czech Republic experienced a relatively flat trend pattern. By contrast, Romania (X%), Russia (X%) and Ukraine (X%) illustrated a downward trend over the same period. Poland (X p.p.), Hungary (X p.p.), Belarus (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Ukraine saw its share reduced by X% and X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2020, together accounting for X% of total imports. Hungary, Romania, Ukraine and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Belarus, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2020, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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