Austria: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Austria

The Austrian industrial fatty alcohols market expanded notably to $X in 2021, surging by 8.4% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.3% against 2018 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Industrial Fatty Alcohols Production in Austria

In value terms, industrial fatty alcohols production rose markedly to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +18.5% against 2018 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 98% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Industrial Fatty Alcohols Exports

Exports from Austria

In 2021, the amount of industrial fatty alcohols exported from Austria contracted dramatically to X tons, waning by -30.6% compared with 2020 figures. Overall, exports showed a sharp decline. The pace of growth was the most pronounced in 2014 when exports increased by 23%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports dropped rapidly to $X in 2021. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 8.5%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for industrial fatty alcohols exports from Austria, accounting for a 85% share of total exports. Moreover, industrial fatty alcohols exports to Slovenia exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Switzerland (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia amounted to +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-45.3% per year) and Switzerland (-0.3% per year).

In value terms, Slovenia ($X) remains the key foreign market for industrial fatty alcohols exports from Austria, comprising 86% of total exports. The second position in the ranking was taken by Germany ($X), with a 5.3% share of total exports. It was followed by Switzerland, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia amounted to +28.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-47.3% per year) and Switzerland (-0.8% per year).

Export Prices by Country

The average industrial fatty alcohols export price stood at $X per ton in 2021, with a decrease of -4.9% against the previous year. In general, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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 Italy ($X per ton), while the average price for exports to Germany ($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 Italy (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Fatty Alcohols Imports

Imports into Austria

In 2021, supplies from abroad of industrial fatty alcohols decreased by -3.4% to X tons, falling for the second consecutive year after two years of growth. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.8% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 38% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, industrial fatty alcohols imports surged to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 -30.2% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 25% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Indonesia (X tons) and Italy (X tons) were the main suppliers of industrial fatty alcohols imports to Austria, together accounting for 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +93.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of industrial fatty alcohols to Austria, comprising 68% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 24% share of total imports. It was followed by Italy, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+71.2% per year) and Italy (+13.7% per year).

Import Prices by Country

The average industrial fatty alcohols import price stood at $X per ton in 2021, picking up by 20% against the previous year. In general, the import price, however, showed a noticeable decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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