Eastern Europe: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Eastern Europe

The East European ethyl acetate market rose remarkably to $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Ethyl Acetate Production in Eastern Europe

In value terms, ethyl acetate production expanded markedly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Ethyl Acetate Exports

Exports in Eastern Europe

Ethyl acetate exports dropped dramatically to X tons in 2023, with a decrease of X% on the previous year. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, ethyl acetate exports shrank sharply to $X in 2023. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Russia (X tons) and Bulgaria (X tons) represented roughly X% of total exports in 2023. Poland (X tons) held the next position in the ranking, followed by Hungary (X tons) and Ukraine (X tons). All these countries together took approx. X% share of total exports. Lithuania (X tons) and the Czech Republic (X tons) took a minor share of total exports.

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

In value terms, Russia ($X), Bulgaria ($X) and Poland ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Hungary, Ukraine, Lithuania and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Hungary, 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 2023, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to see gradual growth in years to come.

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

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

Ethyl Acetate Imports

Imports in Eastern Europe

Ethyl acetate imports skyrocketed to X tons in 2023, increasing by X% compared with the previous year's figure. Total imports indicated tangible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, ethyl acetate imports shrank to $X in 2023. In general, imports showed perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland represented the main importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Ukraine (X tons), the Czech Republic (X tons), Hungary (X tons), Russia (X tons) and Bulgaria (X tons), together comprising a X% share of total imports. Slovakia (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ethyl acetate imports into Poland stood at X%. At the same time, Russia (X%), Ukraine (X%), Bulgaria (X%), the Czech Republic (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ukraine, 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, Poland ($X) constitutes the largest market for imported ethyl acetate in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Russia, with an X% share.

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

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then shrank significantly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Russia ($X per ton) and Ukraine ($X per ton), while Poland ($X per ton) and Bulgaria ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform