Eastern Europe: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Eastern Europe

The East European saturated acyclic monocarboxylic acids market rose modestly to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Saturated Acyclic Monocarboxylic Acids in Eastern Europe

In value terms, saturated acyclic monocarboxylic acids production totaled $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in Eastern Europe

In 2023, saturated acyclic monocarboxylic acids exports in Eastern Europe rose rapidly to X tons, growing by X% compared with the year before. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports totaled $X in 2023. Total exports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Russia was the key exporting country with an export of around X tons, which reached X% of total exports. Poland (X tons) took the second position in the ranking, distantly followed by Lithuania (X tons) and Hungary (X tons). All these countries together held approx. X% share of total exports. Bulgaria (X tons) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Lithuania and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Bulgaria, with a CAGR of X%, recorded the highest growth rate of 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 2023, falling by X% against the previous year. In general, the export price, however, posted resilient growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in Eastern Europe

In 2023, saturated acyclic monocarboxylic acids imports in Eastern Europe amounted to X tons, picking up by X% on 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids imports reduced markedly to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell rapidly in the following year.

Imports by Country

Poland (X tons) and Russia (X tons) represented the main importers of saturated acyclic monocarboxylic acids in 2023, amounting to near X% and X% of total imports, respectively. The Czech Republic (X tons) took the next position in the ranking, followed by Ukraine (X tons). All these countries together took near X% share of total imports. Hungary (X tons), Lithuania (X tons), Romania (X tons), Bulgaria (X tons), Slovakia (X tons) and Belarus (X tons) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Hungary, Romania, Ukraine, Lithuania, Bulgaria, Slovakia and Belarus lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2023, the import price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then contracted sharply in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform