Eastern Europe: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Eastern Europe

In 2022, the East European market for palmitic acid, stearic acid, their salts and esters increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a slight curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Eastern Europe

In value terms, production of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2022 estimated in export price. Overall, production saw a deep contraction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports in Eastern Europe

Exports of palmitic acid, stearic acid, their salts and esters soared to X tons in 2022, jumping by X% against 2021. Over the period under review, exports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of palmitic acid, stearic acid, their salts and esters soared to $X in 2022. In general, exports recorded a modest expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland represented the major exporting country with an export of about X tons, which finished at X% of total exports. The Czech Republic (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (X%) and Russia (X%). The following exporters - Ukraine (X tons), Latvia (X tons) and Bulgaria (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to palmitic acid, stearic acid, their salts and esters exports from Poland stood at X%. At the same time, Latvia (X%), Bulgaria (X%), Lithuania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, the Czech Republic, Lithuania, Russia, Latvia and Bulgaria increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Poland ($X) remains the largest palmitic acid, stearic acid, their salts and esters supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Lithuania, with an X% share.

In Poland, exports of palmitic acid, stearic acid, their salts and esters expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (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. Export price indicated pronounced 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, export price for palmitic acid, stearic acid, their salts and esters increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Bulgaria ($X per ton), while Russia ($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.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports in Eastern Europe

After six years of growth, purchases abroad of palmitic acid, stearic acid, their salts and esters decreased by X% to X tons in 2022. Total imports indicated a temperate increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, imports of palmitic acid, stearic acid, their salts and esters rose rapidly to $X in 2022. Total imports indicated notable 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the major importer of palmitic acid, stearic acid, their salts and esters, achieving X% of total imports. Poland (X tons) held the second position in the ranking, followed by the Czech Republic (X tons) and Romania (X tons). All these countries together took near X% share of total imports. Hungary (X tons) and Ukraine (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to palmitic acid, stearic acid, their salts and esters imports into Russia stood at X%. At the same time, the Czech Republic (X%), Romania (X%) and Poland (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Ukraine experienced a relatively flat trend pattern. By contrast, Hungary (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic and Poland increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Romania, Hungary and Ukraine lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw 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

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform