Austria: Monocarboxylic Acid Market 2025

Monocarboxylic Acid Market Size in Austria

The Austrian monocarboxylic acid market surged to $X in 2022, increasing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed strong growth. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Monocarboxylic Acid Exports

Exports from Austria

In 2022, approx. X tons of acrylic acid and its salts and other monocarboxylic acid were exported from Austria; reducing by -50.4% against 2021 figures. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 when exports increased by 85%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, monocarboxylic acid exports shrank dramatically to $X in 2022. Overall, exports saw a slight curtailment. The growth pace was the most rapid in 2019 when exports increased by 111% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of monocarboxylic acid exports from Austria, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +26.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) emerged as the key foreign market for acrylic acid and its salts and other monocarboxylic acid exports from Austria, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Slovenia, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Hungary stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.9% per year) and Slovenia (+15.8% per year).

Export Prices by Country

The average monocarboxylic acid export price stood at $X per ton in 2022, with an increase of 16% against the previous year. Overall, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Switzerland ($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 Hungary (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Monocarboxylic Acid Imports

Imports into Austria

In 2022, approx. X tons of acrylic acid and its salts and other monocarboxylic acid were imported into Austria; growing by 67% on the previous year's figure. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, monocarboxylic acid imports reduced sharply to $X in 2022. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 285%. Over the period under review, imports attained the maximum at $X in 2021, and then plummeted in the following year.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and China (X tons) were the main suppliers of monocarboxylic acid imports to Austria, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monocarboxylic acid suppliers to Austria were China ($X), Germany ($X) and the Czech Republic ($X), with a combined 91% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +34.6%, 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 average monocarboxylic acid import price amounted to $X per ton, shrinking by -72.5% against the previous year. Over the period under review, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 197% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted rapidly in the following year.

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 China ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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