Benelux: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Benelux

The Benelux polycarboxylic acid market skyrocketed to $X in 2022, increasing by 112% against the previous year. Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polycarboxylic Acid Production in Benelux

In value terms, polycarboxylic acid production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports in Benelux

In 2022, shipments abroad of polycarboxylic acids decreased by -34.8% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 133%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of 95% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Belgium (X tons) and the Netherlands (X tons), together recording 99.9% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of -4.0%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, the Netherlands, with a CAGR of -4.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, rising by 23% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 48%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.1%).

Polycarboxylic Acid Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in purchases abroad of polycarboxylic acids, when their volume decreased by -29.9% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, polycarboxylic acid imports fell to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

The Netherlands was the largest importing country with an import of about X tons, which amounted to 68% of total imports. It was distantly followed by Belgium (X tons) and Luxembourg (X tons), together making up a 32% share of total imports.

The Netherlands was also the fastest-growing in terms of the polycarboxylic acids imports, with a CAGR of +2.5% from 2012 to 2022. Luxembourg (-1.8%) and Belgium (-4.1%) illustrated a downward trend over the same period. The Netherlands (+15 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -1.5% and -13.1% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported polycarboxylic acids in Benelux, comprising 65% of total imports. The second position in the ranking was taken by Belgium ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +2.6%. In the other countries, the average annual rates were as follows: Belgium (-2.6% per year) and Luxembourg (-0.9% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, growing by 25% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 30%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform