Europe: Adipic Acid Market 2024

Adipic Acid Market Size in Europe

The Europe adipic acid market rose markedly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Adipic Acid Production in Europe

In value terms, adipic acid production reached $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; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Adipic Acid Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of adipic acid, its salts and esters, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, adipic acid exports expanded notably to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

France represented the major exporter of adipic acid, its salts and esters in Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%) and Belgium (X%).

From 2012 to 2022, average annual rates of growth with regard to adipic acid exports from France stood at X%. At the same time, Belgium (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. France (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while Italy and the Netherlands saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, France ($X) remains the largest adipic acid supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value in France amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Italy ($X per ton) and the Netherlands ($X per ton), while France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Adipic Acid Imports

Imports in Europe

In 2022, the amount of adipic acid, its salts and esters imported in Europe contracted to X tons, with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, adipic acid imports expanded rapidly to $X in 2022. Total imports indicated a measured expansion 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, imports increased by X% against 2020 indices. 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 reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2022. Germany (X tons) took the next position in the ranking, followed by Spain (X tons) and France (X tons). All these countries together held near X% share of total imports. Belgium (X tons) and Switzerland (X tons) followed a long way behind the leaders.

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

In value terms, the largest adipic acid importing markets in Europe were Italy ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Spain, France, Belgium and Switzerland lagged somewhat behind, together accounting for a further X%.

Belgium, 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

The import price in Europe stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price 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, adipic acid import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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