Eastern Europe: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Eastern Europe

The East European azo- or azoxy-compounds market reduced dramatically to $X in 2022, which is down by X% against the previous year. In general, consumption showed a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in Eastern Europe

In value terms, azo- or azoxy-compounds production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Azo- Or Azoxy-Compounds Exports

Exports in Eastern Europe

In 2022, the amount of diazo-, azo- or azoxy-compounds exported in Eastern Europe shrank to X tons, which is down by X% against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports rose significantly to $X in 2022. Total exports indicated strong growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Latvia (X tons) was the largest exporter of diazo-, azo- or azoxy-compounds, committing X% of total exports. Russia (X tons) held the second position in the ranking, followed by Lithuania (X tons) and the Czech Republic (X tons). All these countries together held near X% share of total exports. Poland (X tons) followed a long way behind the leaders.

Latvia experienced a relatively flat trend pattern with regard to volume of exports of diazo-, azo- or azoxy-compounds. At the same time, Lithuania (X%), the Czech Republic (X%), Russia (X%) and Poland (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Russia (X p.p.), Lithuania (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Latvia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Latvia ($X) remains the largest azo- or azoxy-compounds supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Latvia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Azo- Or Azoxy-Compounds Imports

Imports in Eastern Europe

In 2022, after six years of growth, there was significant decline in overseas purchases of diazo-, azo- or azoxy-compounds, when their volume decreased by X% to X tons. In general, imports, however, posted a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, azo- or azoxy-compounds imports contracted dramatically to $X in 2022. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, Russia (X tons) represented the major importer of diazo-, azo- or azoxy-compounds, making up 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 Ukraine (X%). The following importers - Romania (X tons), Lithuania (X tons) and Belarus (X tons) - each finished at a X% share of total imports.

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

In value terms, the largest azo- or azoxy-compounds importing markets in Eastern Europe were Russia ($X), Poland ($X) and Hungary ($X), together comprising X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs 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 Belarus ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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