Eastern Europe: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Eastern Europe

The East European polyethylene binder market dropped modestly to $X in 2022, leveling off at the previous year. In general, consumption recorded a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polyethylene Binder Production in Eastern Europe

In value terms, polyethylene binder production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Polyethylene Binder Exports

Exports in Eastern Europe

In 2022, shipments abroad of polyethylene or polypropylene binder or baler (agricultural) twines decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated moderate 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, polyethylene binder exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Hungary (X tons) represented the largest exporter of polyethylene or polypropylene binder or baler (agricultural) twines, generating X% of total exports. Poland (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%) and Russia (X%).

Hungary was also the fastest-growing in terms of the polyethylene or polypropylene binder or baler (agricultural) twines exports, with a CAGR of X% from 2012 to 2022. At the same time, Russia (X%) displayed positive paces of growth. Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.), Poland (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Hungary stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Hungary ($X per ton) and the Czech Republic ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were 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.

Polyethylene Binder Imports

Imports in Eastern Europe

In 2022, overseas purchases of polyethylene or polypropylene binder or baler (agricultural) twines decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polyethylene binder imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Romania (X tons), distantly followed by Russia (X tons), Ukraine (X tons), Hungary (X tons) and Belarus (X tons) were the main importers of polyethylene or polypropylene binder or baler (agricultural) twines, together mixing up X% of total imports. The following importers - Bulgaria (X tons) and Poland (X tons) - each finished at an X% share 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 Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Hungary, with a CAGR of X%, 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

The import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia ($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.

Source: IndexBox Platform

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