Eastern Europe: Acetone Market 2024

Acetone Market Size in Eastern Europe

In 2022, the East European acetone market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Acetone Production in Eastern Europe

In value terms, acetone production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Acetone Exports

Exports in Eastern Europe

In 2022, after three years of growth, there was significant decline in overseas shipments of acetone, when their volume decreased by X% to X tons. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, acetone exports declined remarkably to $X in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) and Poland (X tons) dominates exports structure, together making up X% of total exports. It was distantly followed by the Czech Republic (X tons), creating a X% share of total exports. The following exporters - Latvia (X tons) and Bulgaria (X tons) - together made up X% of total exports.

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

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The Czech Republic, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced a decline in the export price figures.

Acetone Imports

Imports in Eastern Europe

In 2022, imports of acetone in Eastern Europe dropped notably to X tons, which is down by X% compared with the year before. In general, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, acetone imports declined markedly to $X in 2022. Over the period under review, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Belarus (X tons), the Czech Republic (X tons), Poland (X tons) and Hungary (X tons) represented the key importer of acetone in Eastern Europe, achieving X% of total import. Romania (X tons) ranks next in terms of the total imports with a X% share, followed by Lithuania (X%). Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Belarus ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Lithuania, Hungary, Romania and Bulgaria lagged somewhat behind, together accounting for a further X%.

Lithuania, 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

The import price in Eastern Europe stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then declined in the following year.

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

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

Source: IndexBox Platform

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