Eastern Europe: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Eastern Europe

In 2022, the East European tall oil fatty acids market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Industrial Tall Oil Fatty Acids in Eastern Europe

In value terms, tall oil fatty acids production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports in Eastern Europe

In 2022, approx. X tons of industrial tall oil fatty acids were exported in Eastern Europe; jumping by X% compared with the previous year's figure. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, tall oil fatty acids exports fell to $X in 2022. Overall, exports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) represented the main exporter of industrial tall oil fatty acids in Eastern Europe, mixing up X% of total export.

Russia was also the fastest-growing in terms of the industrial tall oil fatty acids exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Russia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest tall oil fatty acids supplier in Eastern Europe.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Imports of Industrial Tall Oil Fatty Acids

Imports in Eastern Europe

In 2022, approx. X tons of industrial tall oil fatty acids were imported in Eastern Europe; reducing by X% compared with the year before. Overall, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, tall oil fatty acids imports shrank to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) and Russia (X tons) represented the major importers of industrial tall oil fatty acids in Eastern Europe, together accounting for near X% of total imports. Estonia (X tons) took the next position in the ranking, followed by Lithuania (X tons) and Bulgaria (X tons). All these countries together took near X% share of total imports. The following importers - the Czech Republic (X tons) and Romania (X tons) - together made up X% of total imports.

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

In value terms, Poland ($X), Russia ($X) and Lithuania ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Lithuania, with a CAGR of X%, recorded 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, growing by X% against the previous year. Import price indicated slight growth 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, tall oil fatty acids import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Bulgaria ($X per ton), while Estonia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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