Eastern Europe: Polycarboxylic Acid Market 2023

Polycarboxylic Acid Market Size in Eastern Europe

The East European polycarboxylic acid market amounted to $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Polycarboxylic Acid Production in Eastern Europe

In value terms, polycarboxylic acid production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 19%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Polycarboxylic Acid Exports

Exports in Eastern Europe

Polycarboxylic acid exports stood at X tons in 2021, increasing by 1.6% compared with the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 18%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polycarboxylic acid exports skyrocketed to $X in 2021. Overall, exports, however, showed a pronounced downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Poland (X tons) represented the key exporter of polycarboxylic acids, generating 66% of total exports. Russia (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (6.8%). The following exporters - Hungary (X tons), Bulgaria (X tons) and the Czech Republic (X tons) - together made up 7.1% of total exports.

Poland experienced a relatively flat trend pattern with regard to volume of exports of polycarboxylic acids. At the same time, Belarus (+7.9%), Russia (+7.3%), Hungary (+3.5%) and the Czech Republic (+2.9%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +7.9% from 2012-2021. By contrast, Bulgaria (-1.4%) illustrated a downward trend over the same period. Russia (+8.3 p.p.) and Belarus (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by -6.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest polycarboxylic acid supplier in Eastern Europe, comprising 54% of total exports. The second position in the ranking was held by Russia ($X), with a 23% share of total exports. It was followed by Hungary, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled -5.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+5.8% per year) and Hungary (+6.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, surging by 43% against the previous year. Overall, the export price, however, showed a pronounced setback. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+2.4%), while the other leaders experienced a decline in the export price figures.

Polycarboxylic Acid Imports

Imports in Eastern Europe

In 2021, approx. X tons of polycarboxylic acids were imported in Eastern Europe; surging by 5.1% compared with the year before. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 15%. Over the period under review, imports reached the peak figure at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, polycarboxylic acid imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Lithuania (X tons) and Russia (X tons) represented the largest importers of polycarboxylic acids in Eastern Europe, together achieving 77% of total imports. It was distantly followed by Poland (X tons), constituting a 13% share of total imports. The following importers - Belarus (X tons), Ukraine (X tons) and the Czech Republic (X tons) - together made up 6.8% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Russia ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 83% of total imports.

Poland, with a CAGR of +8.2%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 43% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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