EU: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in the EU

After two years of growth, the EU saturated acyclic monocarboxylic acids market decreased by X% to $X in 2023. Over the period under review, consumption, however, showed mild growth. Over the period under review, the market hit record highs at $X in 2022, and then dropped significantly in the following year.

Production of Saturated Acyclic Monocarboxylic Acids in the EU

In value terms, saturated acyclic monocarboxylic acids production fell to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in the EU

In 2023, overseas shipments of saturated acyclic monocarboxylic acids decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids exports contracted significantly to $X in 2023. Over the period under review, exports, however, continue to indicate a temperate increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

Belgium represented the main exporter of saturated acyclic monocarboxylic acids in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2023. Germany (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%). The following exporters - France (X tons), Spain (X tons), Finland (X tons) and Italy (X tons) - each amounted to a X% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of saturated acyclic monocarboxylic acids. At the same time, Finland (X%) and France (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. The Netherlands, Italy and Germany experienced a relatively flat trend pattern. By contrast, Spain (X%) illustrated a downward trend over the same period. France (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Spain saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. France, Spain, Italy and Finland lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, France, 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 the European Union stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell in the following year.

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

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in the EU

In 2023, overseas purchases of saturated acyclic monocarboxylic acids decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids imports declined dramatically to $X in 2023. Overall, imports, however, continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

Belgium was the largest importer of saturated acyclic monocarboxylic acids in the European Union, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Germany (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), Italy (X%), Spain (X%) and France (X%). Poland (X tons) took a relatively small share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of saturated acyclic monocarboxylic acids. At the same time, the Netherlands (X%) and Poland (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Germany, Italy and France experienced a relatively flat trend pattern. By contrast, Spain (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest saturated acyclic monocarboxylic acids importing markets in the European Union were Belgium ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Italy, Spain, France and Poland lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Poland, with a CAGR of X%, recorded the highest growth rate of 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 the European Union amounted to $X per ton, reducing by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2023: its price 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. Based on 2023 figures, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then shrank remarkably in the following year.

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 France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform