Austria: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Austria

The Austrian carboxylic acid market skyrocketed to $X in 2021, jumping by 105% against the previous year. In general, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Carboxylic Acid Production in Austria

In value terms, carboxylic acid production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Carboxylic Acid Exports

Exports from Austria

Carboxylic acid exports from Austria contracted notably to X tons in 2021, shrinking by -50.9% against the previous year. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 13%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, carboxylic acid exports rose to $X in 2021. In general, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.6% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 55%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X tons), Brazil (X tons) and Cyprus (X tons) were the main destinations of carboxylic acid exports from Austria, together accounting for 45% of total exports. India, China, Spain, the United States, Germany, France, Colombia and Russia lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +38.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Switzerland ($X) and Germany ($X) were the largest markets for carboxylic acid exported from Austria worldwide, together comprising 71% of total exports. These countries were followed by France, the United States, Brazil, India, Spain, Colombia, Cyprus and Russia, which together accounted for a further 25%.

Among the main countries of destination, Cyprus, with a CAGR of +54.7%, saw the highest rates of growth with regard to 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

In 2021, the average carboxylic acid export price amounted to $X per ton, increasing by 107% against the previous year. In general, the export price posted resilient growth. 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 foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Carboxylic Acid Imports

Imports into Austria

In 2021, approx. X tons of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were imported into Austria; with an increase of 25% against the previous year. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carboxylic acid imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 45% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of carboxylic acid imports to Austria, with a combined 58% share of total imports. These countries were followed by the United States, the Netherlands, Poland, Taiwan (Chinese), India, Belgium, Italy, the UK and Switzerland, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +310.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest carboxylic acid suppliers to Austria, with a combined 69% share of total imports. These countries were followed by Poland, the Netherlands, India, France, Taiwan (Chinese), Belgium, the UK, Italy and Switzerland, which together accounted for a further 29%.

Poland, with a CAGR of +326.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carboxylic acid import price stood at $X per ton in 2021, growing by 5.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :