Austria: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Austria

After two years of decline, the Austrian ethyl acetate market increased by 16% to $X in 2021. In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Ethyl Acetate Production in Austria

In value terms, ethyl acetate production stood at $X in 2021 estimated in export price. Over the period under review, production showed a significant decline. The pace of growth was the most pronounced in 2019 when the production volume increased by 39%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ethyl Acetate Exports

Exports from Austria

Ethyl acetate exports from Austria soared to X tons in 2021, rising by 36% compared with 2020 figures. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2016 with an increase of 296%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ethyl acetate exports soared to $X in 2021. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 205% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for ethyl acetate exports from Austria, accounting for a 95% share of total exports. It was followed by Switzerland (X tons), with a 1.9% share of total exports. Poland (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+10.8% per year) and Poland (+19.4% per year).

In value terms, Germany ($X) remains the key foreign market for ethyl acetate exports from Austria, comprising 88% of total exports. The second position in the ranking was held by Poland ($X), with a 2.3% share of total exports. It was followed by Switzerland, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+12.6% per year) and Switzerland (-6.0% per year).

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, increasing by 56% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Switzerland ($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 North Macedonia (+40.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ethyl Acetate Imports

Imports into Austria

In 2021, purchases abroad of ethyl acetate decreased by -16.1% to X tons, falling for the third year in a row after four years of growth. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, ethyl acetate imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of ethyl acetate to Austria, with a 56% share of total imports. Moreover, ethyl acetate imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.3% per year) and Turkey (+654.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of ethyl acetate to Austria, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Ukraine, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and Ukraine (-2.5% per year).

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, rising by 77% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Estonia ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+74.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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