Eastern Europe: Alkyd Resins Market 2024

Alkyd Resins Market Size in Eastern Europe

The East European alkyd resins market fell to $X in 2022, reducing by X% against the previous year. In general, consumption recorded a noticeable reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Alkyd Resins Production in Eastern Europe

In value terms, alkyd resins production contracted modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Alkyd Resins Exports

Exports in Eastern Europe

In 2022, overseas shipments of alkyd resins in primary forms decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports contracted to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Belarus (X tons) was the key exporter of alkyd resins in primary forms, constituting X% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%), Bulgaria (X%) and Russia (X%). Estonia (X tons) and Slovakia (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to alkyd resins exports from Belarus stood at X%. At the same time, Bulgaria (X%), Estonia (X%) and the Czech Republic (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. Poland experienced a relatively flat trend pattern. By contrast, Russia (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Bulgaria (X p.p.), the Czech Republic (X p.p.) and Estonia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Bulgaria, Estonia, Russia and Slovakia lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

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

Alkyd Resins Imports

Imports in Eastern Europe

In 2022, approx. X tons of alkyd resins in primary forms were imported in Eastern Europe; declining by X% on the year before. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, alkyd resins imports contracted dramatically to $X in 2022. Over the period under review, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) represented the main importer of alkyd resins in primary forms, mixing up X% of total imports. Poland (X tons) took the second position in the ranking, followed by Romania (X tons), Ukraine (X tons), Belarus (X tons) and the Czech Republic (X tons). All these countries together held approx. X% share of total imports. Hungary (X tons) held a minor share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Belarus (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Romania 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 Ukraine (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.), Belarus (X p.p.), Hungary (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) and Ukraine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Romania ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated noticeable growth 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, alkyd resins import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform