Europe: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Europe

In 2022, the Europe industrial stearic acid market increased by X% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Industrial Stearic Acid Production in Europe

In value terms, industrial stearic acid production reached $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Industrial Stearic Acid Exports

Exports in Europe

In 2022, overseas shipments of industrial stearic acid increased by X% to X tons, rising for the seventh year in a row after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, industrial stearic acid exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a tangible increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The Netherlands represented the major exporter of industrial stearic acid in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Sweden (X tons) took the second position in the ranking, followed by Germany (X tons) and Italy (X tons). All these countries together took near X% share of total exports. Denmark (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Denmark (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Spain, Italy and Germany experienced a relatively flat trend pattern. The Netherlands (X p.p.) and Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the Netherlands, industrial stearic acid exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a moderate 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, industrial stearic acid export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

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

Industrial Stearic Acid Imports

Imports in Europe

In 2022, industrial stearic acid imports in Europe amounted to X tons, growing by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, industrial stearic acid imports soared to $X in 2022. Over the period under review, imports continue to indicate perceptible growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of industrial stearic acid imports in 2022 were the Netherlands (X tons), Germany (X tons) and Russia (X tons), together reaching X% of total import. It was distantly followed by Poland (X tons), the UK (X tons) and Belgium (X tons), together constituting a X% share of total imports. France (X tons), Italy (X tons), Denmark (X tons), Spain (X tons) and the Czech Republic (X tons) took a little share of total imports.

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

In value terms, the Netherlands ($X), Germany ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Poland, Belgium, the UK, France, Italy, Denmark, Spain and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Import price indicated a moderate expansion 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, industrial stearic acid import price increased by X% against 2019 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 the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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