Eastern Europe: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Eastern Europe

The East European aromatic alcohols market fell to $X in 2022, with a decrease of X% against the previous year. 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. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Aromatic Alcohols Production in Eastern Europe

In value terms, aromatic alcohols production reduced to $X in 2022 estimated in export price. The total production indicated a noticeable 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Aromatic Alcohols Exports

Exports in Eastern Europe

In 2022, overseas shipments of aromatic alcohols and their derivatives increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 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, aromatic alcohols exports expanded slightly to $X in 2022. Overall, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Czech Republic (X tons) and Poland (X tons) were the key exporters of aromatic alcohols and their derivatives in Eastern Europe, together amounting to approx. X% of total exports. It was distantly followed by Estonia (X tons), Lithuania (X tons) and Slovakia (X tons), together comprising a X% share of total exports. The following exporters - Romania (X tons) and Bulgaria (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest aromatic alcohols supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

In the Czech Republic, aromatic alcohols exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Estonia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Romania ($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 a decline in the export price figures.

Aromatic Alcohols Imports

Imports in Eastern Europe

For the seventh year in a row, Eastern Europe recorded growth in supplies from abroad of aromatic alcohols and their derivatives, which increased by X% to X tons in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, aromatic alcohols imports soared to $X in 2022. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Russia (X tons), distantly followed by Poland (X tons), Hungary (X tons) and the Czech Republic (X tons) were the largest importers of aromatic alcohols and their derivatives, together making up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic alcohols importing markets in Eastern Europe were Russia ($X), Poland ($X) and Hungary ($X), together comprising X% of total imports.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Russia ($X per ton), while Hungary ($X per ton) and Poland ($X per ton) were 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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