Eastern Europe: Market for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function 2024

Market Size for Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Eastern Europe

In 2023, after six years of decline, there was growth in the East European market for benzaldehyde and other cyclic aldehydes without other oxygen function, when its value increased by X% to $X. Over the period under review, consumption, however, saw a pronounced reduction. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Production of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function in Eastern Europe

In value terms, benzaldehyde and other cyclic aldehydes production dropped to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Exports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Exports in Eastern Europe

In 2023, the amount of benzaldehyde and other cyclic aldehydes without other oxygen function exported in Eastern Europe surged to X tons, growing by X% on the previous year's figure. Over the period under review, exports, however, saw a slight slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, benzaldehyde and other cyclic aldehydes exports soared to $X in 2023. In general, exports recorded a notable expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, Ukraine (X tons) and Belarus (X tons) represented the major exporters of benzaldehyde and other cyclic aldehydes without other oxygen function in Eastern Europe, together generating X% of total exports. The Czech Republic (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%) and Hungary (X%). Lithuania (X kg) and Latvia (X kg) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) remains the largest benzaldehyde and other cyclic aldehydes supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Ukraine amounted to X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Belarus (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price showed a tangible increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood 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 ($X,800 per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Benzaldehyde and other Cyclic Aldehydes Without Other Oxygen Function

Imports in Eastern Europe

After four years of growth, overseas purchases of benzaldehyde and other cyclic aldehydes without other oxygen function decreased by X% to X tons in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then declined dramatically in the following year.

In value terms, benzaldehyde and other cyclic aldehydes imports shrank to $X in 2023. Total imports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, Poland (X tons) was the major importer of benzaldehyde and other cyclic aldehydes without other oxygen function, comprising X% of total imports. The Czech Republic (X tons) ranks second in terms of the total imports with a X% share, followed by Russia (X%). The following importers - Latvia (X tons) and Ukraine (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, 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 benzaldehyde and other cyclic aldehydes importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($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 2023, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, 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