Europe: Market for Esters Of Acetic Acid (excluding Ethyl Acetate) 2024

Market Size for Esters Of Acetic Acid (excluding Ethyl Acetate) in Europe

The Europe market for esters of acetic acid (excluding ethyl acetate) fell rapidly to $X in 2023, waning by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Esters Of Acetic Acid (excluding Ethyl Acetate) in Europe

In value terms, production of esters of acetic acid (excluding ethyl acetate) rose slightly to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Exports in Europe

In 2023, overseas shipments of esters of acetic acid (excluding ethyl acetate) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a slight curtailment. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of esters of acetic acid (excluding ethyl acetate) declined notably to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. 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 of remained at a lower figure.

Exports by Country

Belgium represented the main exporting country with an export of around X tons, which reached X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by Russia (X%). The following exporters - the Netherlands (X tons), Spain (X tons), the UK (X tons) and France (X tons) - together made up X% of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, France (X%) and Russia (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), the UK (X%) and Spain (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Russia, Germany and France 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 ($X) remains the largest esters of acetic acid (excluding ethyl acetate) supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Belgium, exports of esters of acetic acid (excluding ethyl acetate) increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then dropped sharply 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 France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Imports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Imports in Europe

In 2023, overseas purchases of esters of acetic acid (excluding ethyl acetate) decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated slight growth from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of esters of acetic acid (excluding ethyl acetate) reduced notably to $X in 2023. In general, imports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

In 2023, Belgium (X tons) was the largest importer of esters of acetic acid (excluding ethyl acetate), making up X% of total imports. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), the Netherlands (X%), Spain (X%) and France (X%). The UK (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to esters of acetic acid (excluding ethyl acetate) imports into Belgium stood at X%. At the same time, Spain (X%), Germany (X%) and the Netherlands (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. By contrast, France (X%), Italy (X%) and the UK (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Spain (X p.p.) and Germany (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the UK (X p.p.) and Italy (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported esters of acetic acid (excluding ethyl acetate) in Europe, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In Belgium, imports of esters of acetic acid (excluding ethyl acetate) increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, which is down by X% against the previous year. Import price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then contracted dramatically 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 the UK ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform