Eastern Europe: Bismuth Market 2024

Bismuth Market Size in Eastern Europe

In 2022, the East European bismuth market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Bismuth Production in Eastern Europe

In value terms, bismuth production fell to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Bismuth Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of bismuth, when their volume decreased by X% to X tons. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, bismuth exports contracted significantly to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the five major exporters of bismuth, namely Poland, Estonia, Hungary, Russia and the Czech Republic, represented more than two-thirds of total export. Slovakia (X kg) and Romania (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Poland, Estonia, Slovakia and Romania lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Romania, with a CAGR of X%, saw 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, remaining constant against the previous year. Overall, the export price, however, recorded a pronounced expansion. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

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

Bismuth Imports

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in purchases abroad of bismuth, which increased by X% to X tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, bismuth imports skyrocketed to $X in 2022. In general, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) and the Czech Republic (X tons) represented the largest importers of bismuth in Eastern Europe, together amounting to approx. X% of total imports. Poland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%) and Belarus (X%).

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

In value terms, the largest bismuth importing markets in Eastern Europe were Hungary ($X), the Czech Republic ($X) and Russia ($X), with a combined X% share of total imports. Poland and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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