EU: Adipic Acid Market 2024

Adipic Acid Market Size in the EU

The EU adipic acid market expanded markedly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Adipic Acid Production in the EU

In value terms, adipic acid production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in years to come.

Adipic Acid Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in overseas shipments of adipic acid, its salts and esters, when their volume decreased by X% to X tons. In general, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, adipic acid exports expanded markedly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France represented the main exporting country with an export of around X tons, which accounted for X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%) and Belgium (X%).

Exports from France decreased at an average annual rate of X% from 2012 to 2022. At the same time, Belgium (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. France (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while Italy and the Netherlands saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, France ($X) remains the largest adipic acid supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in France stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Italy ($X per ton) and the Netherlands ($X per ton), while France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Adipic Acid Imports

Imports in the EU

In 2022, approx. X tons of adipic acid, its salts and esters were imported in the European Union; shrinking by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, adipic acid imports rose remarkably to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Italy (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2022. Germany (X tons) took the next position in the ranking, followed by Spain (X tons) and France (X tons). All these countries together took near X% share of total imports. Belgium (X tons) and Poland (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest adipic acid importing markets in the European Union were Italy ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Spain, France, Belgium and Poland lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adipic acid import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belgium ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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