Czech Republic: Acetic Acid Market 2024

Acetic Acid Market Size in the Czech Republic

In 2021, the Czech acetic acid market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Acetic acid consumption peaked in 2021 and is likely to see steady growth in the near future.

Acetic Acid Exports

Exports from the Czech Republic

Acetic acid exports from the Czech Republic surged to X tons in 2021, picking up by 24% against the previous year's figure. Over the period under review, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of 115%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetic acid exports soared to $X in 2021. In general, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when exports increased by 119%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Slovakia (X tons) and Belgium (X tons) were the main destinations of acetic acid exports from the Czech Republic, with a combined 96% share of total exports. These countries were followed by Russia, which accounted for a further 1.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +19.4%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for acetic acid exported from the Czech Republic worldwide, together comprising 80% of total exports. These countries were followed by Russia, which accounted for a further 16%.

In terms of the main countries of destination, Russia, with a CAGR of +55.2%, recorded 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

The average acetic acid export price stood at $X per ton in 2021, growing by 27% against the previous year. In general, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 131% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($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 (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into the Czech Republic

Acetic acid imports into the Czech Republic rose sharply to X tons in 2021, growing by 7.4% against the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% 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 +44.9% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 46% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; afterwards, it flattened through to 2021.

In value terms, acetic acid imports soared to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. 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

Germany (X tons), Slovakia (X tons) and Sweden (X tons) were the main suppliers of acetic acid imports to the Czech Republic, together accounting for 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +67.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Austria ($X) were the largest acetic acid suppliers to the Czech Republic, with a combined 74% share of total imports.

Sweden, with a CAGR of +70.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 acetic acid import price stood at $X per ton in 2021, growing by 44% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 59%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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