Eastern Europe: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Eastern Europe

The East European salts of acetic acid market totaled $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Salts Of Acetic Acid in Eastern Europe

In value terms, salts of acetic acid production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Salts Of Acetic Acid

Exports in Eastern Europe

After two years of growth, shipments abroad of salts of acetic acid decreased by X% to X tons in 2022. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, salts of acetic acid exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Poland (X tons) and Slovakia (X tons) were the major exporters of salts of acetic acid in 2022, resulting at near X% and X% of total exports, respectively. Russia (X tons) took the next position in the ranking, followed by the Czech Republic (X tons). All these countries together held near X% share of total exports. The following exporters - Lithuania (X tons), Hungary (X tons) and Romania (X tons) - together made up X% of total exports.

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

In value terms, Poland ($X) remains the largest salts of acetic acid supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Poland, salts of acetic acid exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Slovakia ($X per ton) was 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 more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports in Eastern Europe

In 2022, supplies from abroad of salts of acetic acid increased by X% to X tons, rising for the seventh consecutive year after two years of decline. In general, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, salts of acetic acid imports rose significantly to $X in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) and Poland (X tons) represented the key importers of salts of acetic acid in Eastern Europe, together accounting for near X% of total imports. The Czech Republic (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (X%) and Hungary (X%). Romania (X tons) and Lithuania (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Hungary, Slovakia, Romania and Lithuania lagged somewhat behind, together accounting for a further X%.

Slovakia, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform