Germany - 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 Germany - 2023
Contents:
- Monocarboxylic Acid Price in Germany (FOB) - 2022
- Monocarboxylic Acid Price in Germany (CIF) - 2023
- Monocarboxylic Acid Exports in Germany
- Monocarboxylic Acid Imports in Germany
Monocarboxylic Acid Price in Germany (FOB) - 2022
In 2022, the average monocarboxylic acid export price amounted to $3,107 per ton, picking up by 13% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid export price increased by +77.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($7,766 per ton), while the average price for exports to Belgium ($1,684 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 Brazil (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Monocarboxylic Acid Price in Germany (CIF) - 2023
In July 2023, the average monocarboxylic acid import price amounted to $1,650 per ton, declining by -12.1% against the previous month. In general, the import price showed a slight decline. The pace of growth was the most pronounced in May 2023 an increase of 121% against the previous month. The import price peaked at $3,585 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($4,153 per ton), while the price for Belgium ($1,245 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 China (+0.8%), while the prices for the other major suppliers experienced a decline.
Monocarboxylic Acid Exports in Germany
In 2022, overseas shipments of acrylic acid and its salts and other monocarboxylic acid decreased by -14.6% to 84K tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 2.6% against the previous year. As a result, the exports attained the peak of 105K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, monocarboxylic acid exports fell slightly to $261M in 2022. The total export value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $271M, and then contracted modestly in the following year.
| Export of Monocarboxylic Acid in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 35.0 | 35.2 | 52.6 | 44.9 | 8.7% |
| United States | 27.2 | 29.7 | 38.6 | 44.1 | 17.5% |
| Netherlands | 20.8 | 17.9 | 11.7 | 39.1 | 23.4% |
| Italy | 13.6 | 12.9 | 21.7 | 21.8 | 17.0% |
| Spain | 9.9 | 10.7 | 17.6 | 19.6 | 25.6% |
| Belgium | 29.4 | 30.0 | 42.1 | 17.6 | -15.7% |
| United Kingdom | 13.9 | 11.5 | 9.0 | 7.4 | -19.0% |
| Turkey | 2.5 | 3.6 | 3.8 | 6.6 | 38.2% |
| Finland | 2.9 | 2.5 | 6.5 | 5.4 | 23.0% |
| Others | 56.7 | 77.9 | 67.4 | 54.9 | -1.1% |
| Total | 212 | 232 | 271 | 261 | 7.2% |
Top Export Markets for Monocarboxylic Acid from Germany in 2022:
- Netherlands (17.9K tons)
- France (15.8K tons)
- Belgium (10.5K tons)
- United States (9.7K tons)
- Italy (7.5K tons)
- Spain (7.2K tons)
- Finland (2.5K tons)
- Turkey (2.2K tons)
- United Kingdom (2.2K tons)
Monocarboxylic Acid Imports in Germany
In 2022, imports of acrylic acid and its salts and other monocarboxylic acid into Germany rose rapidly to 62K tons, with an increase of 9.5% compared with 2021. The total import volume increased at an average annual rate of +15.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, monocarboxylic acid imports skyrocketed to $135M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Monocarboxylic Acid in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 24.3 | 39.5 | 46.5 | 52.5 | 29.3% |
| China | 28.4 | 18.5 | 27.8 | 29.4 | 1.2% |
| France | 9.3 | 5.3 | 12.1 | 17.2 | 22.7% |
| Netherlands | 4.8 | 4.7 | 6.9 | 8.6 | 21.5% |
| Czech Republic | 4.4 | 3.8 | 5.8 | 7.7 | 20.5% |
| Indonesia | 1.0 | 0.3 | 0.5 | 2.4 | 33.9% |
| Others | 19.7 | 26.8 | 16.7 | 17.5 | -3.9% |
| Total | 92.0 | 98.8 | 116 | 135 | 13.6% |
Top Suppliers of Monocarboxylic Acid to Germany in 2022:
- Belgium (39.3K tons)
- France (8.1K tons)
- China (5.6K tons)
- Czech Republic (3.8K tons)
- Netherlands (2.2K tons)
- Indonesia (1.1K tons)
This report provides an in-depth analysis of the monocarboxylic acid 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.
Product coverage:
- Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
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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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