Eastern Europe: Wadding Market 2024

Wadding Market Size in Eastern Europe

The East European wadding market shrank modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Wadding Production in Eastern Europe

In value terms, wadding production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wadding Exports

Exports in Eastern Europe

In 2022, shipments abroad of wadding decreased by X% to X tons, falling for the second consecutive year after four years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, wadding exports dropped to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the five major exporters of wadding, namely Poland, Bulgaria, Lithuania, Russia and Hungary, represented more than two-thirds of total export. It was distantly followed by Ukraine (X tons), mixing up a X% share of total exports. Romania (X tons) followed a long way behind the leaders.

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

In value terms, Lithuania ($X), Poland ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Bulgaria, Russia, Ukraine and Romania lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Wadding Imports

Imports in Eastern Europe

In 2022, overseas purchases of wadding decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, wadding imports reduced to $X in 2022. Overall, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the key importer of wadding, comprising X% of total imports. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by Romania (X%), the Czech Republic (X%), Ukraine (X%), Bulgaria (X%) and Lithuania (X%).

From 2012 to 2022, average annual rates of growth with regard to wadding imports into Russia stood at X%. At the same time, Romania (X%), the Czech Republic (X%), Poland (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Lithuania (X%) and Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Ukraine saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, wadding imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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