Report Update Nov 1, 2024

Austria - Acrylic Acid and Its Salts and Other Monocarboxylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Austria: Monocarboxylic Acid Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. Russia, Brazil, Indonesia, Japan, Germany, Mexico, Malaysia, Canada, Democratic Republic of the Congo and Saudi Arabia lagged somewhat behind, together comprising a further 31%.

What are the largest producers of acrylic acid and its salts and other monocarboxylic acid in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 45% of global production. Japan, Germany, Russia, Saudi Arabia, Indonesia, Brazil, Mexico, Malaysia, Belgium and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 38%.

What are the leading suppliers of acrylic acid and its salts and other monocarboxylic acid to Austria?

In value terms, Germany, Japan and Ireland appeared to be the largest monocarboxylic acid suppliers to Austria, together comprising 82% of total imports.

What are the leading importers of acrylic acid and its salts and other monocarboxylic acid from Austria?

In value terms, Poland, Germany and Hungary appeared to be the largest markets for monocarboxylic acid exported from Austria worldwide, together accounting for 63% of total exports.

What is the average export price for acrylic acid and its salts and other monocarboxylic acid in Austria?

The average monocarboxylic acid export price stood at $6,894 per ton in 2021, waning by -3.5% against the previous year.

What is the average import price for acrylic acid and its salts and other monocarboxylic acid in Austria?

The average monocarboxylic acid import price stood at $13,162 per ton in 2021, picking up by 19% against the previous year.

This report provides an in-depth analysis of the monocarboxylic acid market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143310 - Acrylic acid and its salts and other monocarboxylic acid

Country coverage:

Austria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Austria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023