Acyclic Hydrocarbon Market - Total EU Imports of Acyclic Hydrocarbons Wane, with Little Room Left for Extra-EU Supplies
Basic Chemicals August 02, 2016
Photo: © leungchopan / Bigstockphoto
Total imports on the acyclic hydrocarbon market by EU Member States have declined steadily over the past four years, amounting to 8,303 million EUR in 2015. Data concerning EU trade with non-EU countries displayed that the EU remains a net importer of acyclic hydrocarbons.
Belgium (34%), Germany (19%), the Netherlands (15%), and France (10%) were the largest importers of acyclic hydrocarbons among the Member States, together comprising 78% of total EU imports. The shares of Belgium and Germany (-4 percentage points each) illustrated negative dynamics, while the shares of the Netherlands (+4 percentage points) and France (+1 percentage points) increased from 2007 to 2015.
The major values of trade were conducted between the EU Member States, while extra-EU imports comprised about 21% of total imports. In 2015, the value of extra-EU imports for acyclic hydrocarbons dropped to 1,752 million EUR, which was 16% below the previous year.
Despite significant values of extra-EU imports, they took only about 9% of the apparent consumption of acyclic hydrocarbons in the EU. This share grew imperceptibly over the last eight years. The well-developed acyclic hydrocarbon industry, along with the high competitiveness of EU member enterprises, enables local manufacturers to almost entirely meet domestic EU demand. The recovery of the EU economy is expected to have a beneficial effect on the growth of acyclic hydrocarbon industry in the medium term.
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- acyclic hydrocarbon market share
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Source: EU: Acyclic Hydrocarbons - Market Report. Analysis And Forecast To 2020
