Benelux: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Benelux

The Benelux acrylic acid esters market reduced to $X in 2022, shrinking by -5.6% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Acrylic Acid Esters Production in Benelux

In value terms, acrylic acid esters production totaled $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 100%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Acrylic Acid Esters Exports

Exports in Benelux

In 2022, after four years of growth, there was significant decline in shipments abroad of esters of acrylic acid, when their volume decreased by -49.5% to X tons. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. The volume of export peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, acrylic acid esters exports dropped significantly to $X in 2022. Over the period under review, exports recorded a slight descent. The pace of growth appeared the most rapid in 2021 when exports increased by 112%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

In 2022, Belgium (X tons) represented the largest exporter of esters of acrylic acid, making up 88% of total exports. It was distantly followed by the Netherlands (X tons), comprising a 12% share of total exports.

Exports from Belgium decreased at an average annual rate of -4.2% from 2012 to 2022. The Netherlands (-3.0%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest acrylic acid esters supplier in Benelux, comprising 80% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at -2.9%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, picking up by 13% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters export price increased by +67.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%).

Acrylic Acid Esters Imports

Imports in Benelux

In 2022, purchases abroad of esters of acrylic acid decreased by -54.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of 83% against the previous year. The volume of import peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, acrylic acid esters imports fell rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 129%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

The purchases of the two major importers of esters of acrylic acid, namely Belgium and the Netherlands, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +6.1%).

In value terms, the largest acrylic acid esters importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

The Netherlands, with a CAGR of +8.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of 17% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +91.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 63% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%).

Source: IndexBox Platform