Czech Republic: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in the Czech Republic

In 2022, the Czech industrial stearic acid market increased by X% to $X, rising for the third year in a row after seven years of decline. Over the period under review, consumption saw a pronounced curtailment. Industrial stearic acid consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Stearic Acid Production in the Czech Republic

In value terms, industrial stearic acid production expanded modestly to $X in 2022 estimated in export price. Overall, production saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Industrial Stearic Acid Exports

Exports from the Czech Republic

Industrial stearic acid exports from the Czech Republic declined to X tons in 2022, with a decrease of X% against the year before. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial stearic acid exports rose sharply to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for industrial stearic acid exports from the Czech Republic, accounting for a X% share of total exports. Moreover, industrial stearic acid exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Serbia (X% per year).

In value terms, the largest markets for industrial stearic acid exported from the Czech Republic were Poland ($X), Hungary ($X) and Serbia ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average industrial stearic acid export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Germany ($X 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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into the Czech Republic

After three years of growth, purchases abroad of industrial stearic acid decreased by X% to X tons in 2022. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, industrial stearic acid imports stood at $X in 2022. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Indonesia (X tons) were the main suppliers of industrial stearic acid imports to the Czech Republic, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Indonesia ($X) appeared to be the largest industrial stearic acid suppliers to the Czech Republic, together comprising X% of total imports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial stearic acid import price amounted to $X per ton, surging by X% against the previous year. In general, the import price showed a perceptible expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Indonesia ($X per ton), while the price for Malaysia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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