Eastern Europe: Silicates Market 2024

Silicates Market Size in Eastern Europe

The East European silicates market expanded notably to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a slight contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Silicates Production in Eastern Europe

In value terms, silicates production declined to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2022, and then contracted slightly in the following year.

Silicates Exports

Exports in Eastern Europe

Silicates exports fell sharply to X tons in 2023, which is down by X% against the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, silicates exports contracted markedly to $X in 2023. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

In 2023, Poland (X tons) was the largest exporter of silicates, commercial alkali metal silicates, committing X% of total exports. Belarus (X tons) took the second position in the ranking, followed by the Czech Republic (X tons). All these countries together held approx. X% share of total exports. Russia (X tons) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the silicates, commercial alkali metal silicates exports, with a CAGR of X% from 2012 to 2023. At the same time, Belarus (X%) and the Czech Republic (X%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. While the share of Poland (X p.p.) and Belarus (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, almost unchanged from the previous year. In general, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

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 the Czech Republic ($X per ton), while Belarus ($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 mixed trends in the export price figures.

Silicates Imports

Imports in Eastern Europe

Silicates imports was estimated at X tons in 2023, standing approx. at the year before. In general, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, silicates imports expanded remarkably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

Russia (X tons) and the Czech Republic (X tons) were the largest importers of silicates, commercial alkali metal silicates in 2023, finishing at approx. X% and X% of total imports, respectively. Romania (X tons) held the next position in the ranking, followed by Poland (X tons) and Bulgaria (X tons). All these countries together took near X% share of total imports. The following importers - Hungary (X tons) and Ukraine (X tons) - each accounted for a X% share of total imports.

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

In value terms, the Czech Republic ($X), Russia ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, growing by X% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

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 Poland ($X per ton), while Bulgaria ($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