Finland Is the EU Major Manufacturer of Acyclic Monocarboxylic Acids

Basic Chemicals January 12, 2016
Author: Alla Yakimova
Market Analyst

From 2007 to 2014, EU production of saturated acyclic monocarboxylic acids showed a steady decrease, falling from 4,445 thousand tonnes in 2007 to 2,908 thousand tonnes in 2014. It dropped with a CAGR of -5.9% over the period under review. In value terms, EU acyclic acid production decreased to 3,178 million EUR in 2014, falling by -3.5% annually.

The countries with the largest production of acyclic acid in absolute volumes were Finland (11 thousand tonnes), Denmark (10 thousand tonnes) and Lithuania (6 thousand tonnes).

Positive dynamics in acyclic acid production among the main producing countries from 2007 to 2014 were recorded in Denmark (+0.7% per year), while for the other two EU leaders (Finland and Lithuania) the paces of growth were more modest or negative.

Finland dominated in EU acyclic acid production and ranked seventh in trade. In 2014, it exported the lion's share of its total acyclic acid output. Of this amount, 0.6% was supplied to Sweden, where Finland's monocarboxylic acid held a 0.4% share of total Swedish imports.

Source: EU: Saturated Acyclic Monocarboxylic Acids - Market Report. Analysis And Forecast To 2020