Eastern Europe: Aramids Staple Market 2024

Aramids Staple Market Size in Eastern Europe

The East European aramids staple market was finally on the rise to reach $X in 2022, after three years of decline. The total consumption indicated a noticeable expansion from 2012 to 2022: its value 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aramids Staple Production in Eastern Europe

In value terms, aramids staple production rose slightly to $X in 2022 estimated in export price. Overall, production saw a mild contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Aramids Staple Exports

Exports in Eastern Europe

In 2022, overseas shipments of aramids staple increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a temperate expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, aramids staple exports rose rapidly to $X in 2022. In general, exports recorded moderate growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Bulgaria (X tons) followed a long way behind the leaders.

Exports from Slovakia increased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (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. While the share of Bulgaria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Slovakia (X p.p.) displayed negative dynamics.

In value terms, Slovakia ($X) remains the largest aramids staple supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Slovakia amounted to X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then declined remarkably in the following year.

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 Bulgaria ($X per ton), while Slovakia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%).

Aramids Staple Imports

Imports in Eastern Europe

In 2022, purchases abroad of aramids staple increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aramids staple imports surged to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the largest importing country with an import of about X tons, which finished at X% of total imports. Slovakia (X tons) took the second position in the ranking, followed by the Czech Republic (X tons). All these countries together took near X% share of total imports. The following importers - Bulgaria (X tons) and Ukraine (X tons) - each resulted at an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aramids staple imports into Russia stood at X%. At the same time, Ukraine (X%), Bulgaria (X%), the Czech Republic (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Ukraine (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Slovakia (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 ($X) constitutes the largest market for imported aramids staple in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Russia, aramids staple imports increased at an average annual rate of X% over the period from 2012-2022. 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, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Slovakia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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