Europe: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in Europe

The Europe compound plasticisers market reached $X in 2023, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Compound Plasticisers Production in Europe

In value terms, compound plasticisers production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Compound Plasticisers Exports

Exports in Europe

In 2023, overseas shipments of compound plasticisers for rubber or plastics decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, compound plasticisers exports declined to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Germany (X tons) was the key exporter of compound plasticisers for rubber or plastics, committing X% of total exports. It was distantly followed by Estonia (X tons), Belgium (X tons) and the Netherlands (X tons), together creating a X% share of total exports. Italy (X tons), Spain (X tons) and Poland (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to compound plasticisers exports from Germany stood at X%. At the same time, Poland (X%), Belgium (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Estonia (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Italy (X p.p.), Spain (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.), Germany (X p.p.) and Estonia (X p.p.) displayed negative dynamics.

In value terms, Germany ($X) remains the largest compound plasticisers supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

In Germany, compound plasticisers exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Estonia (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Compound Plasticisers Imports

Imports in Europe

In 2023, imports of compound plasticisers for rubber or plastics in Europe reduced modestly to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, compound plasticisers imports shrank slightly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

The purchases of the six major importers of compound plasticisers for rubber or plastics, namely France, Belgium, Italy, Germany, the Netherlands and Portugal, represented more than half of total import. The following importers - Serbia (X tons), Romania (X tons), Poland (X tons), Russia (X tons), Spain (X tons), the UK (X tons) and Slovakia (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Serbia (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 Germany ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Italy, Portugal, the Netherlands, Poland, Spain, the UK, Romania, Serbia, Slovakia and Russia lagged somewhat behind, together comprising a further X%.

Serbia, with a CAGR of X%, recorded the highest growth rate of 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 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform