Belgium - Acrylic Acid And Its Salts And Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonocarboxylic Acid Price in Belgium - 2023
Contents:
- Monocarboxylic Acid Price in Belgium (FOB) - 2022
- Monocarboxylic Acid Price in Belgium (CIF) - 2023
- Monocarboxylic Acid Exports in Belgium
- Monocarboxylic Acid Imports in Belgium
Monocarboxylic Acid Price in Belgium (FOB) - 2022
The average monocarboxylic acid export price stood at $1,630 per ton in 2022, surging by 2% against the previous year. Overall, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 26%. The export price peaked at $1,795 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($2,228 per ton), while the average price for exports to the United States ($1,198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Monocarboxylic Acid Price in Belgium (CIF) - 2023
In July 2023, the average monocarboxylic acid import price amounted to $2,845 per ton, jumping by 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in August 2022 when the average import price increased by 48% month-to-month. Over the period under review, average import prices attained the maximum at $3,370 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,531 per ton), while the price for the Czech Republic ($1,157 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the prices for the other major suppliers experienced a decline.
Monocarboxylic Acid Exports in Belgium
In 2022, shipments abroad of acrylic acid and its salts and other monocarboxylic acid decreased by -20.2% to 99K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of 125K tons, and then shrank remarkably in the following year.
In value terms, monocarboxylic acid exports shrank remarkably to $162M in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports attained the peak of $199M, and then fell significantly in the following year.
| Export of Monocarboxylic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.4 | 54.1 | 61.9 | 54.2 | 27.1% |
| Netherlands | 14.2 | 20.8 | 28.4 | 29.1 | 27.0% |
| United Kingdom | 15.9 | 13.1 | 25.3 | 25.4 | 16.9% |
| United States | 4.8 | 0.6 | 20.3 | 22.0 | 66.1% |
| France | 10.6 | 3.5 | 27.4 | 12.4 | 5.4% |
| Turkey | 4.0 | 4.8 | 12.1 | 8.3 | 27.5% |
| Others | 5.7 | 6.8 | 23.8 | 10.6 | 23.0% |
| Total | 81.6 | 104 | 199 | 162 | 25.7% |
Top Export Markets for Monocarboxylic Acid from Belgium in 2022:
- Germany (40.1K tons)
- United States (18.3K tons)
- United Kingdom (15.0K tons)
- Netherlands (13.1K tons)
- France (5.7K tons)
- Turkey (4.3K tons)
Monocarboxylic Acid Imports in Belgium
After three years of growth, purchases abroad of acrylic acid and its salts and other monocarboxylic acid decreased by -49% to 30K tons in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 30%.
In value terms, monocarboxylic acid imports dropped markedly to $68M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 60%.
| Import of Monocarboxylic Acid in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 17.6 | 19.5 | 23.6 | 21.3 | 6.6% |
| Germany | 30.3 | 44.3 | 53.8 | 14.6 | -21.6% |
| China | 6.6 | 12.7 | 17.2 | 11.2 | 19.3% |
| Netherlands | 5.4 | 12.3 | 12.7 | 7.3 | 10.6% |
| Austria | 0.3 | N/A | 0.2 | 3.4 | 124.6% |
| Czech Republic | 1.8 | 1.9 | 4.2 | 2.8 | 15.9% |
| Japan | 0.6 | 0.7 | 2.9 | 2.1 | 51.8% |
| Brazil | N/A | 9.0 | N/A | N/A | 0% |
| Others | 3.7 | 5.3 | 8.9 | 5.3 | 12.7% |
| Total | 66.3 | 106 | 124 | 68.0 | 0.8% |
Top Suppliers of Monocarboxylic Acid to Belgium in 2022:
- Brazil (undefinedK tons)
- France (10.5K tons)
- Germany (9.6K tons)
- Netherlands (2.7K tons)
- China (2.2K tons)
- Czech Republic (1.6K tons)
- Austria (1.2K tons)
- Japan (0.9K tons)
This report provides an in-depth analysis of the monocarboxylic acid market in Belgium. 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.
Product coverage:
- Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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