Eastern Europe: Phenols Market 2024

Phenols Market Size in Eastern Europe

The East European phenols market rose notably to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Phenols Production in Eastern Europe

In value terms, phenols production expanded notably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Phenols Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of phenols increased by X% to X tons in 2023. Over the period under review, exports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, phenols exports fell slightly to $X in 2023. In general, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the key exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Poland (X tons) and the Czech Republic (X tons), together comprising a X% share of total exports. Lithuania (X tons) and Estonia (X tons) took a minor share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Lithuania (X%), Estonia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Poland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Lithuania, the Czech Republic and Estonia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest phenols supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then dropped markedly in the following year.

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

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

Phenols Imports

Imports in Eastern Europe

In 2023, the amount of phenols imported in Eastern Europe contracted to X tons, with a decrease of X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, phenols imports reduced rapidly to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

In 2023, Poland (X tons) was the main importer of phenols, achieving X% of total imports. It was distantly followed by the Czech Republic (X tons), generating a X% share of total imports. Latvia (X tons), Belarus (X tons), Russia (X tons) and Romania (X tons) followed a long way behind the leaders.

Poland experienced a relatively flat trend pattern with regard to volume of imports of phenols. At the same time, Belarus (X%), the Czech Republic (X%) and Romania (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Latvia experienced a relatively flat trend pattern. By contrast, Russia (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Poland saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported phenols in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland was relatively modest. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Poland ($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 mixed trends in the import price figures.

Source: IndexBox Platform