Europe: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Europe

The Europe salts of acetic acid market contracted to $X in 2023, falling by X% against the previous year. The total consumption indicated a notable expansion 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, consumption increased by X% against 2021 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Salts Of Acetic Acid in Europe

In value terms, salts of acetic acid production contracted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2022, and then reduced slightly in the following year.

Exports of Salts Of Acetic Acid

Exports in Europe

In 2023, approx. X tons of salts of acetic acid were exported in Europe; reducing by X% against 2022. Overall, exports continue to indicate a slight decline. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, salts of acetic acid exports contracted modestly to $X in 2023. Over the period under review, exports, however, showed a noticeable expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, the Netherlands (X tons) was the largest exporter of salts of acetic acid, making up X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by Belgium (X%), France (X%) and the UK (X%). The following exporters - Croatia (X tons) and Slovenia (X tons) - together made up X% of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of salts of acetic acid. At the same time, Croatia (X%), Slovenia (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, the UK (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Croatia and Belgium increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest salts of acetic acid supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

In the Netherlands, salts of acetic acid exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, with an increase of X% against the previous year. Export price indicated resilient growth from 2012 to 2023: its price 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, salts of acetic acid export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2022 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

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 UK ($X per ton), while Slovenia ($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 UK (X%), while the other leaders experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports in Europe

After seven years of growth, purchases abroad of salts of acetic acid decreased by X% to X tons in 2023. Total imports indicated a notable increase from 2012 to 2023: its volume 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. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, salts of acetic acid imports reduced to $X in 2023. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Germany (X tons), distantly followed by Spain (X tons), Russia (X tons), France (X tons), Italy (X tons), Belgium (X tons), the Netherlands (X tons) and Poland (X tons) were the main importers of salts of acetic acid, together achieving X% of total imports. Austria (X tons), the UK (X tons), the Czech Republic (X tons) and Switzerland (X tons) followed a long way behind the leaders.

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

In value terms, the largest salts of acetic acid importing markets in Europe were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total imports. Spain, France, Italy, Russia, Switzerland, the UK, Poland, Austria and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Czech Republic, with a CAGR of X%, saw 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 2023, the import price in Europe amounted to $X per ton, remaining relatively unchanged against the previous year. Import price indicated a temperate expansion from 2012 to 2023: its price 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, salts of acetic acid import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform