Eastern Europe: Styrene Market 2024

Styrene Market Size in Eastern Europe

The East European styrene market reduced modestly to $X in 2022, falling by X% against the previous year. In general, consumption, however, showed a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Styrene Production in Eastern Europe

In value terms, styrene production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Styrene Exports

Exports in Eastern Europe

In 2022, approx. X tons of styrene were exported in Eastern Europe; falling by X% against 2021. In general, exports saw a slight downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, styrene exports shrank notably to $X in 2022. Over the period under review, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Czech Republic (X tons), comprising an X% share of total exports. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to styrene exports from Russia stood at X%. At the same time, the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the Czech Republic increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest styrene supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($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 mixed trends in the export price figures.

Styrene Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of styrene, when their volume decreased by X% to X tons. In general, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, styrene imports reduced to $X in 2022. Over the period under review, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons) and Hungary (X tons) dominates imports structure, together mixing up X% of total imports. It was distantly followed by the Czech Republic (X tons), committing a X% share of total imports. Romania (X tons) followed a long way behind the leaders.

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

In value terms, Hungary ($X), Poland ($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.

Poland, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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