Eastern Europe: Propene Market 2024

Propene Market Size in Eastern Europe

In 2022, the East European propene market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated modest 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Propene Production in Eastern Europe

In value terms, propene production totaled $X in 2022 estimated in export price. In general, production saw slight growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Propene Exports

Exports in Eastern Europe

In 2022, after eight years of growth, there was significant decline in overseas shipments of propene (propylene), when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, propene exports shrank notably to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2022, Russia (X tons), distantly followed by Hungary (X tons), Romania (X tons), Latvia (X tons), Lithuania (X tons), Poland (X tons) and Bulgaria (X tons) represented the largest exporters of propene (propylene), together generating X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lithuania (with a CAGR of X.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest propene supplying countries in Eastern Europe were Russia ($X), Hungary ($X) and Latvia ($X), with a combined X% share of total exports. Romania, Lithuania, Poland and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Latvia ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

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

Propene Imports

Imports in Eastern Europe

In 2022, supplies from abroad of propene (propylene) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, propene imports dropped rapidly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

Poland represented the major importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Slovakia (X tons), Latvia (X tons), the Czech Republic (X tons) and Romania (X tons), together committing a X% share of total imports. The following importers - Belarus (X tons) and Hungary (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Latvia, with a CAGR of X%, saw 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, increasing by X% against the previous year. In general, the import price, however, recorded 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 attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Latvia ($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

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