Eastern Europe: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Eastern Europe

The East European chemically modified oils market rose remarkably to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong increase 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, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Chemically Modified Oils Production in Eastern Europe

In value terms, chemically modified oils production rose remarkably to $X in 2022 estimated in export price. The total production indicated prominent 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, production increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to see steady growth in the immediate term.

Chemically Modified Oils Exports

Exports in Eastern Europe

In 2022, overseas shipments of animal or vegetable fats and oils chemically modified decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, chemically modified oils exports skyrocketed to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons) and Russia (X tons) dominates exports structure, together committing X% of total exports. It was distantly followed by Lithuania (X tons), comprising a X% share of total exports. Belarus (X tons), the Czech Republic (X tons), Bulgaria (X tons) and Slovakia (X tons) took a minor share of total exports.

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

In value terms, Poland ($X), Russia ($X) and Lithuania ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Belarus, the Czech Republic, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, jumping by X% against the previous year. Overall, the export price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Slovakia ($X per ton) and the Czech Republic ($X per ton), while Russia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports in Eastern Europe

In 2022, imports of animal or vegetable fats and oils chemically modified in Eastern Europe skyrocketed to X tons, rising by X% compared with 2021 figures. Over the period under review, imports saw a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, chemically modified oils imports skyrocketed to $X in 2022. In general, imports showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) and the Czech Republic (X tons) represented the main importers of animal or vegetable fats and oils chemically modified in Eastern Europe, together reaching near X% of total imports. Hungary (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), Lithuania (X%) and Slovakia (X%). Latvia (X tons) held a little share of total imports.

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

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

In terms of the main importing countries, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while Latvia ($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.

Source: IndexBox Platform

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