Europe: Acetic Anhydride Market 2024

Acetic Anhydride Market Size in Europe

In 2023, after two years of growth, there was significant decline in the Europe acetic anhydride market, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then contracted significantly in the following year.

Acetic Anhydride Production in Europe

In value terms, acetic anhydride production rose significantly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a dramatic slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Acetic Anhydride Exports

Exports in Europe

In 2023, the amount of acetic anhydride exported in Europe dropped slightly to X tons, reducing by X% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, acetic anhydride exports contracted to $X in 2023. In general, exports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

Belgium was the major exporting country with an export of about X tons, which reached X% of total exports. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Switzerland (X%). France (X tons) took a minor share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of acetic anhydride. At the same time, France (X.4%) and the Netherlands (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of X.4% from 2012-2023. By contrast, Switzerland (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest acetic anhydride supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

In Belgium, acetic anhydride exports expanded 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 Switzerland (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, which is down by X% against the previous year. Export price indicated a measured expansion 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 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell 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 the Netherlands ($X per ton), while Switzerland ($X per ton) was 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 mixed trends in the export price figures.

Acetic Anhydride Imports

Imports in Europe

In 2023, the amount of acetic anhydride imported in Europe fell to X tons, reducing by X% against the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then reduced in the following year.

In value terms, acetic anhydride imports shrank notably to $X in 2023. Over the period under review, imports, however, showed a mild increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

Belgium represented the major importer of acetic anhydride in Europe, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%) and Switzerland (X%). The following importers - France (X tons), Spain (X tons) and Norway (X tons) - each finished at a X% share of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Spain (X%), Norway (X%), Switzerland (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. The Netherlands experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Germany, Switzerland and Spain increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Switzerland, France, Norway and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Norway, 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 Europe stood at $X per ton in 2023, reducing by X% against the previous year. Import price indicated a modest expansion 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. Based on 2023 figures, acetic anhydride import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform