Ukraine: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Ukraine

The Ukrainian carbon dioxide market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. Carbon dioxide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Carbon Dioxide Production in Ukraine

In value terms, carbon dioxide production reached $X in 2022 estimated in export price. Overall, production faced a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X%. Carbon dioxide production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carbon Dioxide Exports

Exports from Ukraine

In 2022, the amount of carbon dioxide exported from Ukraine skyrocketed to X tons, rising by X% against 2021 figures. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, carbon dioxide exports skyrocketed to $X in 2022. In general, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for carbon dioxide exports from Ukraine, accounting for a X% share of total exports. Moreover, carbon dioxide exports to Lithuania exceeded the volume sent to the second major destination, Moldova (X tons), twofold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Latvia (X% per year).

In value terms, Lithuania ($X) emerged as the key foreign market for carbon dioxide exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by Moldova ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Italy (X% per year).

Export Prices by Country

The average carbon dioxide export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%).

Carbon Dioxide Imports

Imports into Ukraine

In 2022, supplies from abroad of carbon dioxide increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbon dioxide imports rose sharply to $X in 2022. Over the period under review, total imports indicated a moderate expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Lithuania (X tons), Hungary (X tons) and Estonia (X tons) were the main suppliers of carbon dioxide imports to Ukraine, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of carbon dioxide to Ukraine, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Estonia (X% per year).

Import Prices by Country

In 2022, the average carbon dioxide import price amounted to $X per kg, reducing by X% against the previous year. In general, the import price continues to indicate a significant decline. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked at $X per kg in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($X per kg), while the price for Lithuania ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform