Eastern Europe: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Eastern Europe

The East European aromatic alcohols market rose sharply to $X in 2023, surging by X% against the previous year. The total consumption indicated a strong expansion 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. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Aromatic Alcohols Production in Eastern Europe

In value terms, aromatic alcohols production rose rapidly to $X in 2023 estimated in export price. The total production indicated prominent growth 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. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Aromatic Alcohols Exports

Exports in Eastern Europe

In 2023, aromatic alcohols exports in Eastern Europe declined to X tons, with a decrease of X% on the previous year. In general, exports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, aromatic alcohols exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) and the Czech Republic (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Slovakia (X tons) and Romania (X tons), together generating a X% share of total exports. Estonia (X tons), Ukraine (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

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

In value terms, the Czech Republic ($X) remains the largest aromatic alcohols supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

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

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2023: its price 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. Based on 2023 figures, aromatic alcohols export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in years to come.

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 Ukraine ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Aromatic Alcohols Imports

Imports in Eastern Europe

For the eighth year in a row, Eastern Europe recorded growth in supplies from abroad of aromatic alcohols and their derivatives, which increased by X% to X tons in 2023. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked in 2023 and is likely to continue growth in the near future.

In value terms, aromatic alcohols imports declined to $X in 2023. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Russia was the key importer of aromatic alcohols and their derivatives in Eastern Europe, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by Hungary (X%) and the Czech Republic (X%).

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

In value terms, the largest aromatic alcohols importing markets in Eastern Europe were Russia ($X), Poland ($X) and Hungary ($X), together accounting for X% of total imports.

Among the main importing countries, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 2023, dropping by X% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, 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 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform