
Germany - Acetone - Market Analysis, Forecast, Size, Trends And Insights
Germany's Acetone Price Increases 3% to $1,015 per Ton, Fluctuating Wildly over 2022
Germany Acetone Import Price in November 2022
In November 2022, the acetone price amounted to $1,015 per ton (CIF, Germany), growing by 2.8% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2022 when the average import price increased by 18% m-o-m. The import price peaked at $1,295 per ton in May 2022; however, from June 2022 to November 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2022, the countries with the highest prices were Italy ($1,244 per ton) and France ($1,217 per ton), while the price for Spain ($911 per ton) and Poland ($936 per ton) were amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Germany Acetone Imports
In November 2022, overseas purchases of acetone decreased by -47% to 4.6K tons, falling for the second consecutive month after two months of growth. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in June 2022 with an increase of 101% m-o-m. As a result, imports reached the peak of 19K tons. From July 2022 to November 2022, the growth of imports remained at a lower figure.
In value terms, acetone imports declined dramatically to $4.7M (IndexBox estimates) in November 2022. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in June 2022 with an increase of 78% m-o-m. As a result, imports reached the peak of $21M. From July 2022 to November 2022, the growth of imports remained at a somewhat lower figure.
Germany Acetone Imports by Country
Saudi Arabia (1K tons), the Netherlands (1K tons) and Spain (944 tons) were the main suppliers of acetone imports to Germany, together comprising 64% of total imports.
From January 2022 to November 2022, the biggest increases were in Saudi Arabia (with a CAGR of +7.7%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, the largest acetone suppliers to Germany were the Netherlands ($1.1M), Saudi Arabia ($984K) and Spain ($860K), together comprising 63% of total imports.
In terms of the main suppliers, Saudi Arabia, with a CAGR of +8.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Acetone Market Overview
The main drivers of the market are the growing demand for paints and coatings, and the strong automotive sector. However, factors such as the volatile raw material prices and the stringent environmental regulations are restraining the growth of the acetone market in Germany.
Acetone prices in Germany are determined by a number of factors, including the cost of raw materials, production costs, market demand and other factors. Germany is a significant importer of the product, as there is high demand for acetone in many industries. This means that global supply and demand conditions can also have an impact on prices in Germany.
This report provides an in-depth analysis of the acetone market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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