Eastern Europe: Propylene Oxide Market 2024

Propylene Oxide Market Size in Eastern Europe

The East European propylene oxide market declined sharply to $X in 2023, falling by X% against the previous year. Over the period under review, consumption showed a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Propylene Oxide Production in Eastern Europe

In value terms, propylene oxide production soared to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a perceptible decrease. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Propylene Oxide Exports

Exports in Eastern Europe

In 2023, overseas shipments of methyloxirane (propylene oxide) decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, propylene oxide exports fell significantly to $X in 2023. In general, exports showed a mild descent. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Ukraine (X tons) was the largest exporter of methyloxirane (propylene oxide), making up X% of total exports. The Czech Republic (X tons) held the second position in the ranking, distantly followed by Hungary (X tons). All these countries together took near X% share of total exports.

Ukraine was also the fastest-growing in terms of the methyloxirane (propylene oxide) exports, with a CAGR of X% from 2012 to 2023. At the same time, the Czech Republic (X%) displayed positive paces of growth. Hungary experienced a relatively flat trend pattern. While the share of Ukraine (X p.p.), the Czech Republic (X p.p.) and Hungary (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) remains the largest propylene oxide supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports.

In Ukraine, propylene oxide exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid 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 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%).

Propylene Oxide Imports

Imports in Eastern Europe

Propylene oxide imports fell dramatically to X tons in 2023, dropping by X% against 2022. In general, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, propylene oxide imports fell sharply to $X in 2023. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Slovakia (X tons) and Hungary (X tons) were the major importers of methyloxirane (propylene oxide) in Eastern Europe, together accounting for approx. X% of total imports. It was distantly followed by Russia (X tons) and Poland (X tons), together generating a X% share of total imports. The Czech Republic (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest propylene oxide importing markets in Eastern Europe were Slovakia ($X), Hungary ($X) and Russia ($X), with a combined X% share of total imports.

Hungary, 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then fell significantly in the following year.

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