EU: Polycarboxylic Acid Market 2023

Polycarboxylic Acid Market Size in the EU

The EU polycarboxylic acid market rose to $X in 2021, growing by 4.1% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Polycarboxylic Acid Production in the EU

In value terms, polycarboxylic acid production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 18%. Over the period under review, production reached the maximum level at $X in 2015; afterwards, it flattened through to 2021.

Polycarboxylic Acid Exports

Exports in the EU

In 2021, shipments abroad of polycarboxylic acids increased by 17% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports posted a temperate increase. The pace of growth appeared the most rapid in 2018 with an increase of 57%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, polycarboxylic acid exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tons), distantly followed by Germany (X tons), Portugal (X tons), the Netherlands (X tons), Poland (X tons) and Spain (X tons) represented the largest exporters of polycarboxylic acids, together making up 89% of total exports. France (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +35.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid supplying countries in the European Union were Germany ($X), Belgium ($X) and the Netherlands ($X), together comprising 62% of total exports. Portugal, France, Spain and Poland lagged somewhat behind, together accounting for a further 28%.

France, with a CAGR of +23.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, increasing by 38% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.2%), while the other leaders experienced a decline in the export price figures.

Polycarboxylic Acid Imports

Imports in the EU

In 2021, supplies from abroad of polycarboxylic acids increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polycarboxylic acid imports soared to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of polycarboxylic acid imports in 2021 were Germany (X tons), Italy (X tons), Lithuania (X tons), the Netherlands (X tons) and Spain (X tons), together amounting to 75% of total import. France (X tons) took the next position in the ranking, followed by Belgium (X tons). All these countries together held near 12% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid importing markets in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 51% share of total imports. Spain, Lithuania, France and Belgium lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, Spain, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, increasing by 39% against the previous year. Overall, the import price, however, saw a pronounced curtailment. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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