Europe: Acrylonitrile Market 2024

Acrylonitrile Market Size in Europe

After two years of growth, the Europe acrylonitrile market decreased by X% to $X in 2023. Overall, consumption, however, showed a prominent increase. Over the period under review, the market hit record highs at $X in 2022, and then reduced in the following year.

Acrylonitrile Production in Europe

In value terms, acrylonitrile production rose notably to $X in 2023 estimated in export price. In general, production saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Acrylonitrile Exports

Exports in Europe

In 2023, overseas shipments of acrylonitrile decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, acrylonitrile exports reduced rapidly to $X in 2023. In general, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X tons) and the Netherlands (X tons) were the major exporters of acrylonitrile in 2023, accounting for near X% and X% of total exports, respectively. Russia (X tons) ranks next in terms of the total exports with a X% share, followed by Belgium (X%) and Belarus (X%).

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

The Netherlands, with a CAGR of X%, recorded 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

The export price in Europe stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Germany ($X per ton) and Russia ($X per ton), while Belarus ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Acrylonitrile Imports

Imports in Europe

In 2023, purchases abroad of acrylonitrile decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, acrylonitrile imports declined dramatically to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then declined sharply in the following year.

Imports by Country

The countries with the highest levels of acrylonitrile imports in 2023 were the Netherlands (X tons), France (X tons) and Belgium (X tons), together amounting to X% of total import. The UK (X tons) ranks next in terms of the total imports with a X% share, followed by Portugal (X%), Italy (X%) and Germany (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The UK, Italy, Germany and Portugal lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then fell dramatically in the following year.

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

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

Source: IndexBox Platform