Eastern Europe: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Eastern Europe

In 2022, the East European market for phthalic anhydride, terephthalic acid and its salts increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Eastern Europe

In value terms, phthalic anhydride and terephthalic acid production reached $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports in Eastern Europe

In 2022, the amount of phthalic anhydride, terephthalic acid and its salts exported in Eastern Europe dropped to X tons, waning by X% compared with 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid exports rose sharply to $X in 2022. In general, exports showed a slight reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), mixing up an X% share of total exports. Belarus (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Poland experienced a relatively flat trend pattern with regard to volume of exports of phthalic anhydride, terephthalic acid and its salts. Lithuania experienced a relatively flat trend pattern. Belarus (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest phthalic anhydride and terephthalic acid supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Russia ($X per ton) and Belarus ($X per ton), while Poland ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced a decline in the export price figures.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in Eastern Europe

Phthalic anhydride and terephthalic acid imports shrank rapidly to X tons in 2022, falling by X% on the year before. Total imports indicated measured growth 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid imports expanded significantly to $X in 2022. Total imports indicated a modest expansion 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 most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Lithuania represented the major importer of phthalic anhydride, terephthalic acid and its salts in Eastern Europe, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Russia (X tons), creating a X% share of total imports. Poland (X tons) held a little share of total imports.

Imports into Lithuania increased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. 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, Lithuania ($X) constitutes the largest market for imported phthalic anhydride, terephthalic acid and its salts in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Lithuania totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a perceptible contraction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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