Eastern Europe: Toluene Market 2024

Toluene Market Size in Eastern Europe

In 2022, the East European toluene market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Toluene Production in Eastern Europe

In value terms, toluene production rose to $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Toluene Exports

Exports in Eastern Europe

Toluene exports dropped remarkably to X tons in 2022, which is down by X% compared with 2021 figures. In general, exports recorded a perceptible contraction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, toluene exports stood at $X in 2022. Over the period under review, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia was the major exporter of toluene in Eastern Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Poland (X tons) and Romania (X tons), together constituting a X% share of total exports. Hungary (X tons) took a relatively small share of total exports.

Slovakia was also the fastest-growing in terms of the toluene exports, with a CAGR of X% from 2012 to 2022. Hungary (X%), Poland (X%) and Romania (X%) illustrated a downward trend over the same period. While the share of Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Romania (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest toluene supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Slovakia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Hungary ($X per ton) and Poland ($X per ton), while Romania ($X per ton) and Slovakia ($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 mixed trends in the export price figures.

Toluene Imports

Imports in Eastern Europe

In 2022, overseas purchases of toluene increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a resilient increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, toluene imports surged to $X in 2022. Total imports indicated a notable expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Estonia (X tons) and Hungary (X tons) were the largest importers of toluene in Eastern Europe, together generating X% of total imports. It was distantly followed by Poland (X tons), generating a X% share of total imports. The Czech Republic (X tons), Belarus (X tons) and Romania (X tons) held a little 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 the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest toluene importing markets in Eastern Europe were Estonia ($X), Hungary ($X) and Poland ($X), together comprising X% of total imports. The Czech Republic, Romania and Belarus lagged somewhat behind, together comprising a further X%.

The Czech Republic, 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 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked 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 the Czech Republic ($X per ton), while Hungary ($X per ton) was 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 a decline in the import price figures.

Source: IndexBox Platform

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