Eastern Europe: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Eastern Europe

The East European cyclic hydrocarbons market fell modestly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cyclic Hydrocarbons Production in Eastern Europe

In value terms, cyclic hydrocarbons production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports in Eastern Europe

In 2022, approx. X tons of cyclic hydrocarbons were exported in Eastern Europe; shrinking by X% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports shrank remarkably to $X in 2022. Overall, exports saw a slight descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Poland (X tons), the Czech Republic (X tons), Hungary (X tons) and Slovakia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Belarus (X tons), making up a X% share of total exports. Romania (X tons) followed a long way behind the leaders.

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

In value terms, the largest cyclic hydrocarbons supplying countries in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together accounting for X% of total exports. Hungary, Slovakia, Romania and Belarus lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Belarus, 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, with an increase of X% against the previous year. In general, the export price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 the Czech Republic ($X per ton), while Belarus ($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 export price figures.

Cyclic Hydrocarbons Imports

Imports in Eastern Europe

Cyclic hydrocarbons imports reduced dramatically to X tons in 2022, falling by X% against the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, cyclic hydrocarbons imports dropped to $X in 2022. Over the period under review, imports saw a mild decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland was the key importer of cyclic hydrocarbons in Eastern Europe, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Hungary (X tons), the Czech Republic (X tons), Estonia (X tons) and Belarus (X tons), together generating a X% share of total imports. The following importers - Russia (X tons) and Bulgaria (X tons) - each resulted at a X% share of total imports.

Poland experienced a relatively flat trend pattern with regard to volume of imports of cyclic hydrocarbons. At the same time, Estonia (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary and Bulgaria experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of Estonia (X p.p.), Belarus (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), Hungary ($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. Estonia, Belarus, Russia and Bulgaria lagged somewhat behind, together comprising a further X%.

Estonia, with a CAGR of X%, recorded the highest growth rate of 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, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded 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 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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