Eastern Europe: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size in Eastern Europe

In 2022, the East European derivatives of hydrocarbons market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Derivatives Of Hydrocarbons Production in Eastern Europe

In value terms, derivatives of hydrocarbons production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Derivatives Of Hydrocarbons Exports

Exports in Eastern Europe

Derivatives of hydrocarbons exports soared to X tons in 2022, jumping by X% against 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, derivatives of hydrocarbons exports soared to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Ukraine (X tons) and Lithuania (X tons) prevails in exports structure, together creating X% of total exports. It was distantly followed by Slovakia (X tons), mixing up a X% share of total exports. Poland (X tons) took a minor share of total exports.

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

In value terms, the largest derivatives of hydrocarbons supplying countries in Eastern Europe were Ukraine ($X), Lithuania ($X) and Slovakia ($X), together comprising X% of total exports.

In terms of the main exporting countries, Lithuania, 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, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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.

Derivatives Of Hydrocarbons Imports

Imports in Eastern Europe

In 2022, derivatives of hydrocarbons imports in Eastern Europe fell to X tons, which is down by X% on 2021 figures. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, derivatives of hydrocarbons imports reached $X in 2022. Over the period under review, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of derivatives of hydrocarbons imports in 2022 were Hungary (X tons), Poland (X tons), Bulgaria (X tons) and the Czech Republic (X tons), together accounting for X% of total import. Russia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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, Hungary ($X) constitutes the largest market for imported derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

In Hungary, derivatives of hydrocarbons imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (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, rising by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The growth pace was the most rapid in 2013 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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 Hungary ($X per ton), while Slovakia ($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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