Eastern Europe: Benzene Market 2024

Benzene Market Size in Eastern Europe

In 2022, after three years of decline, there was significant growth in the East European benzene market, when its value increased by X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Benzene Production in Eastern Europe

In value terms, benzene production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Benzene Exports

Exports in Eastern Europe

In 2022, approx. X tons of benzene were exported in Eastern Europe; shrinking by X% compared with 2021 figures. Total exports indicated a noticeable 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 decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, benzene exports contracted to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Poland (X tons), distantly followed by Hungary (X tons), Slovakia (X tons), Belarus (X tons), Romania (X tons), Russia (X tons) and the Czech Republic (X tons) represented the major exporters of benzene, together constituting X% of total exports.

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

In value terms, the largest benzene supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and Slovakia ($X), with a combined X% share of total exports. Romania, the Czech Republic, Russia and Belarus lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked 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 the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Benzene Imports

Imports in Eastern Europe

In 2022, imports of benzene in Eastern Europe plummeted to X tons, which is down by X% on 2021. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, benzene imports dropped notably to $X in 2022. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic was the key importer of benzene in Eastern Europe, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Russia (X tons) took the second position in the ranking, distantly followed by Belarus (X tons). All these countries together took approx. X% share of total imports.

The Czech Republic was also the fastest-growing in terms of the benzene imports, with a CAGR of X% from 2012 to 2022. Russia (X%) and Belarus (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Belarus saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the Czech Republic ($X) constitutes the largest market for imported benzene in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

In the Czech Republic, benzene imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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