EU: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in the EU

The EU carboxylic acid market surged to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Carboxylic Acid Production in the EU

In value terms, carboxylic acid production soared to $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; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

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Carboxylic Acid Exports

Exports in the EU

After five years of growth, shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by X% to X tons in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, carboxylic acid exports declined to $X in 2022. Total exports indicated a pronounced 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, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

The shipments of the six major exporters of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, namely France, Germany, Spain, Belgium, Italy and the Netherlands, represented more than two-thirds of total export. It was distantly followed by Poland (X tons), constituting a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Spain, the Netherlands, Belgium and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a slight slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while France ($X per ton) was amongst the lowest.

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

Carboxylic Acid Imports

Imports in the EU

In 2022, after two years of growth, there was decline in supplies from abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, carboxylic acid imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of carboxylic acid imports in 2022 were Germany (X tons), Spain (X tons), Belgium (X tons), France (X tons), Italy (X tons) and the Netherlands (X tons), together resulting at X% of total import. Poland (X tons) followed a long way behind the leaders.

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

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

Among the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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