EU: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in the EU

After two years of growth, the EU ethyl acetate market decreased by X% to $X in 2023. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then fell notably in the following year.

Ethyl Acetate Production in the EU

In value terms, ethyl acetate production rose significantly to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Ethyl Acetate Exports

Exports in the EU

In 2023, approx. X tons of ethyl acetate were exported in the European Union; increasing by X% against 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, ethyl acetate exports contracted to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Belgium represented the key exporter of ethyl acetate in the European Union, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by the Netherlands (X tons), committing a X% share of total exports. The following exporters - Sweden (X tons), Germany (X tons) and Spain (X tons) - together made up X% of total exports.

Belgium was also the fastest-growing in terms of the ethyl acetate exports, with a CAGR of X% from 2012 to 2023. At the same time, Germany (X%) displayed positive paces of growth. By contrast, the Netherlands (X%), Spain (X%) and Sweden (X%) illustrated a downward trend over the same period. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while Spain, Sweden and the Netherlands saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest ethyl acetate supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In Belgium, ethyl acetate exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the export price figures.

Ethyl Acetate Imports

Imports in the EU

In 2023, purchases abroad of ethyl acetate decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, ethyl acetate imports shrank markedly to $X in 2023. In general, imports, however, showed a mild expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then reduced notably in the following year.

Imports by Country

In 2023, Belgium (X tons) was the key importer of ethyl acetate, committing X% of total imports. It was distantly followed by Italy (X tons), Germany (X tons), Spain (X tons), the Netherlands (X tons) and France (X tons), together comprising a X% share of total imports. Poland (X tons) held a minor share of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%) and Italy (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Spain experienced a relatively flat trend pattern. By contrast, Germany (X%), France (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while France, the Netherlands and Germany saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported ethyl acetate in the European Union, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

In Belgium, ethyl acetate imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, shrinking by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell markedly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in France ($X per ton) and Italy ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform