Germany: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Germany

For the third year in a row, the German market for palmitic acid, stearic acid, their salts and esters recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Germany

In value terms, production of palmitic acid, stearic acid, their salts and esters soared to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Germany

In 2022, approx. X tons of palmitic acid, stearic acid, their salts and esters were exported from Germany; with a decrease of X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters totaled $X in 2022. Overall, total exports indicated a noticeable 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Poland (X tons), Italy (X tons) and Spain (X tons) were the main destinations of exports of palmitic acid, stearic acid, their salts and esters from Germany, with a combined X% share of total exports. France, the Netherlands, Denmark, Finland, the UK, Belgium, Brazil, Russia, China and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, Poland ($X), Italy ($X) and Spain ($X) constituted the largest markets for palmitic acid, stearic acid, their salts and esters exported from Germany worldwide, together comprising X% of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated modest growth 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, export price for palmitic acid, stearic acid, their salts and esters increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Germany

In 2022, overseas purchases of palmitic acid, stearic acid, their salts and esters increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, total imports indicated temperate growth from 2012 to 2022: its volume 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 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), Malaysia (X tons) and Italy (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Germany, with a combined X% share of total imports. Belgium, Spain, Indonesia, India, France, Turkey, Sweden and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Germany were the Netherlands ($X), Malaysia ($X) and Italy ($X), with a combined X% share of total imports. Belgium, Spain, Indonesia, France, India, Turkey, Austria and Sweden lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform