Eastern Europe: Polyurethanes Market 2024

Polyurethanes Market Size in Eastern Europe

In 2023, the East European polyurethanes market increased by X% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption showed a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Polyurethanes Production in Eastern Europe

In value terms, polyurethanes production contracted to $X in 2023 estimated in export price. Overall, production showed a deep reduction. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Polyurethanes Exports

Exports in Eastern Europe

Polyurethanes exports reduced to X tons in 2023, waning by X% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, polyurethanes exports shrank to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped in the following year.

Exports by Country

The biggest shipments were from Poland (X tons), Hungary (X tons) and Romania (X tons), together accounting for X% of total export. Russia (X tons) held the next position in the ranking, followed by the Czech Republic (X tons). All these countries together held approx. X% share of total exports. The following exporters - Slovakia (X tons) and Lithuania (X tons) - each finished at a X% share of total exports.

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

In value terms, Poland ($X), Hungary ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Hungary, with a CAGR of X%, saw 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

In 2023, the export price in Eastern Europe amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then contracted modestly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Slovakia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Polyurethanes Imports

Imports in Eastern Europe

In 2023, the amount of polyurethanes in primary forms imported in Eastern Europe reduced to X tons, dropping by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, polyurethanes imports stood at $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

Russia (X tons) and Poland (X tons) represented roughly X% of total imports in 2023. It was distantly followed by the Czech Republic (X tons), Romania (X tons), Ukraine (X tons), Hungary (X tons) and Slovakia (X tons), together making up a X% share of total imports.

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

In value terms, the largest polyurethanes importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising X% of total imports. Romania, Hungary, Slovakia and Ukraine lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw 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, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform