Eastern Europe: Phenols Market 2024

Phenols Market Size in Eastern Europe

The East European phenols market expanded markedly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Phenols Production in Eastern Europe

In value terms, phenols production expanded rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Phenols Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of phenols increased by X% to X tons in 2023. Over the period under review, exports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, phenols exports reached $X in 2023. Overall, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Russia was the largest exporter of phenols in Eastern Europe, with the volume of exports reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Poland (X tons), mixing up a X% share of total exports. The Czech Republic (X tons), Lithuania (X tons) and Estonia (X tons) took a relatively small share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Estonia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Poland (X p.p.), Lithuania (X p.p.) and Estonia (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest phenols supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

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

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced mixed trends in the export price figures.

Phenols Imports

Imports in Eastern Europe

In 2023, the amount of phenols imported in Eastern Europe contracted to X tons, with a decrease of X% on 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, phenols imports contracted rapidly to $X in 2023. Total imports indicated modest growth 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. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

Poland represented the largest importer of phenols in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by the Czech Republic (X tons), constituting a X% share of total imports. Latvia (X tons), Belarus (X tons), Russia (X tons) and Romania (X tons) followed a long way behind the leaders.

Poland experienced a relatively flat trend pattern with regard to volume of imports of phenols. At the same time, Belarus (X%), the Czech Republic (X%) and Romania (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Latvia experienced a relatively flat trend pattern. By contrast, Russia (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Poland saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported phenols in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Poland was relatively modest. In the other countries, the average annual rates were as follows: the Czech Republic (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, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then reduced dramatically in the following year.

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 Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform