Europe: Acetic Anhydride Market 2024

Acetic Anhydride Market Size in Europe

After two years of growth, the Europe acetic anhydride market decreased by X% to $X in 2023. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then reduced remarkably in the following year.

Acetic Anhydride Production in Europe

In value terms, acetic anhydride production stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a dramatic descent. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Acetic Anhydride Exports

Exports in Europe

Acetic anhydride exports declined modestly to X tons in 2023, which is down by X% against the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, acetic anhydride exports dropped to $X in 2023. Over the period under review, exports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The level of export peaked at $X in 2022, and then declined in the following year.

Exports by Country

In 2023, Belgium (X tons) represented the key exporter of acetic anhydride, committing X% of total exports. The Netherlands (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Switzerland (X%). France (X tons) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of acetic anhydride. At the same time, France (X.9%) and the Netherlands (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of X.9% from 2012-2023. By contrast, Switzerland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Netherlands and France increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest acetic anhydride supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

In Belgium, acetic anhydride exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Switzerland (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, which is down by X% against the previous year. Export price indicated temperate growth 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. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

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

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

Acetic Anhydride Imports

Imports in Europe

In 2023, acetic anhydride imports in Europe fell to X tons, reducing by X% compared with 2022 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2022, and then dropped in the following year.

In value terms, acetic anhydride imports fell dramatically to $X in 2023. Over the period under review, imports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

Belgium was the main importer of acetic anhydride in Europe, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Germany (X tons) took the second position in the ranking, distantly followed by the Netherlands (X tons) and Switzerland (X tons). All these countries together held approx. X% share of total imports. The following importers - France (X tons), Spain (X tons) and Norway (X tons) - each resulted at a X% share of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), Norway (X%), Switzerland (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. The Netherlands experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Germany (X p.p.), Switzerland (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest acetic anhydride importing markets in Europe were Belgium ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports. Switzerland, France, Norway and Spain lagged somewhat behind, together comprising a further X%.

Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2023, the import price in Europe amounted to $X per ton, falling by X% against the previous year. Import price indicated a slight 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, acetic anhydride import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then shrank in the following year.

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

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

Source: IndexBox Platform