Eastern Europe: Thiosulphates Market 2024

Thiosulphates Market Size in Eastern Europe

In 2023, after seven years of growth, there was significant decline in the East European thiosulphates market, when its value decreased by X% to $X. Overall, consumption, however, recorded a significant increase. Over the period under review, the market hit record highs at $X in 2022, and then declined notably in the following year.

Thiosulphates Production in Eastern Europe

In value terms, thiosulphates production skyrocketed to $X in 2023 estimated in export price. Overall, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Thiosulphates Exports

Exports in Eastern Europe

In 2023, approx. X tons of thiosulphates were exported in Eastern Europe; increasing by X% on the year before. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports failed to regain momentum.

In value terms, thiosulphates exports surged to $X in 2023. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Lithuania (X tons) was the largest exporter of thiosulphates, generating X% of total exports. Russia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%).

Lithuania was also the fastest-growing in terms of the thiosulphates exports, with a CAGR of X% from 2012 to 2023. At the same time, Poland (X%) displayed positive paces of growth. By contrast, Russia (X%) illustrated a downward trend over the same period. While the share of Lithuania (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X), Lithuania ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, with an increase of X% against the previous year. Export price indicated a modest increase 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, thiosulphates export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Thiosulphates Imports

Imports in Eastern Europe

In 2023, supplies from abroad of thiosulphates decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, thiosulphates imports dropped sharply to $X in 2023. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

Ukraine (X tons) and Lithuania (X tons) prevails in imports structure, together generating X% of total imports. It was distantly followed by Romania (X tons), creating a X% share of total imports. The following importers - Russia (X tons), Latvia (X tons), Poland (X tons) and Belarus (X tons) - together made up X% 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, Ukraine ($X) constitutes the largest market for imported thiosulphates in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Ukraine amounted to X%. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform