Eastern Europe: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Eastern Europe

In 2023, after six years of growth, there was significant decline in the East European glycosides and vegetable alkaloids market, when its value decreased by X% to $X. The total consumption indicated a temperate increase 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. Over the period under review, the market reached the peak level at $X in 2022, and then dropped in the following year.

Production of Glycosides And Vegetable Alkaloids in Eastern Europe

In value terms, glycosides and vegetable alkaloids production reduced to $X in 2023 estimated in export price. Overall, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports in Eastern Europe

In 2023, after four years of growth, there was significant decline in shipments abroad of glycosides and vegetable alkaloids, when their volume decreased by X% to X tons. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then dropped in the following year.

In value terms, glycosides and vegetable alkaloids exports declined slightly to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then fell slightly in the following year.

Exports by Country

Hungary (X tons) and Poland (X tons) represented the main exporters of glycosides and vegetable alkaloids in 2023, finishing at approx. X% and X% of total exports, respectively. Slovakia (X tons) ranks next in terms of the total exports with a X% share, followed by Lithuania (X%) and the Czech Republic (X%). Russia (X tons) and Romania (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 ($X), Hungary ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Poland, Lithuania, Romania and Russia lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 2023, rising by X% against the previous year. In general, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X,506 per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Imports of Glycosides And Vegetable Alkaloids

Imports in Eastern Europe

In 2023, after five years of growth, there was significant decline in overseas purchases of glycosides and vegetable alkaloids, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2022, and then contracted in the following year.

In value terms, glycosides and vegetable alkaloids imports fell to $X in 2023. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Russia (X tons), distantly followed by Poland (X tons), Hungary (X tons) and the Czech Republic (X tons) were the largest importers of glycosides and vegetable alkaloids, together mixing up X% of total imports. Romania (X tons), Bulgaria (X tons) and Ukraine (X tons) followed a long way behind the leaders.

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

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

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2023, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform