Eastern Europe: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Eastern Europe

The East European carbon dioxide market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption posted a strong expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Carbon Dioxide Production in Eastern Europe

In value terms, carbon dioxide production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Carbon Dioxide Exports

Exports in Eastern Europe

In 2022, approx. X tons of carbon dioxide were exported in Eastern Europe; with an increase of X% on 2021. Total exports indicated pronounced growth 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 growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, carbon dioxide exports dropped significantly to $X in 2022. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Hungary was the key exporter of carbon dioxide in Eastern Europe, with the volume of exports recording X tons, which was near X% of total exports in 2022. The Czech Republic (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (X%), Latvia (X%) and Russia (X%). Poland (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Exports from Hungary increased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%), Russia (X%), Latvia (X%), Poland (X%) and Lithuania (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. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, Russia and Bulgaria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Hungary stood at X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

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

Carbon Dioxide Imports

Imports in Eastern Europe

In 2022, imports of carbon dioxide in Eastern Europe rose remarkably to X tons, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, carbon dioxide imports rose rapidly to $X in 2022. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Romania (X tons), distantly followed by Latvia (X tons), Hungary (X tons), Bulgaria (X tons), Estonia (X tons), Poland (X tons) and the Czech Republic (X tons) represented the major importers of carbon dioxide, together constituting X% of total imports. The following importers - Russia (X tons) and Lithuania (X tons) - each resulted at an X% share of total imports.

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

In value terms, the largest carbon dioxide importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Hungary ($X), with a combined X% share of total imports.

In terms of the main importing countries, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, reducing by X% against the previous year. Import price indicated a moderate increase 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, carbon dioxide import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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 the Czech Republic ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform