Czech Republic: Adipic Acid Market 2024

Adipic Acid Market Size in the Czech Republic

The Czech adipic acid market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Adipic acid consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Adipic Acid Production in the Czech Republic

In value terms, adipic acid production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 7.6% against the previous year. Adipic acid production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Adipic Acid Exports

Exports from the Czech Republic

In 2022, exports of adipic acid, its salts and esters from the Czech Republic dropped notably to X kg, with a decrease of -41.3% on 2021 figures. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2017 with an increase of 176% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, adipic acid exports fell notably to $X in 2022. In general, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of 164% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Slovakia (X kg) was the main destination for adipic acid exports from the Czech Republic, with a 97% share of total exports. It was followed by the UK (X kg), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at -24.4%.

In value terms, Slovakia ($X) remains the key foreign market for adipic acid, its salts and esters exports from the Czech Republic, comprising 98% of total exports. The second position in the ranking was taken by the UK ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at -23.2%.

Export Prices by Country

The average adipic acid export price stood at $X per ton in 2022, picking up by 3.6% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adipic acid export price increased by +74.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.

Adipic Acid Imports

Imports into the Czech Republic

In 2022, the amount of adipic acid, its salts and esters imported into the Czech Republic surged to X tons, increasing by 19% against the previous year. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 112% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, adipic acid imports soared to $X in 2022. Overall, imports saw prominent growth. The growth pace was the most rapid in 2016 with an increase of 85%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of adipic acid to the Czech Republic, accounting for a 69% share of total imports. Moreover, adipic acid imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.4% per year) and China (+60.9% per year).

In value terms, Germany ($X) constituted the largest supplier of adipic acid, its salts and esters to the Czech Republic, comprising 65% of total imports. The second position in the ranking was held by Poland ($X), with an 8.9% share of total imports. It was followed by the UK, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+29.3% per year) and the UK (+9.0% per year).

Import Prices by Country

In 2022, the average adipic acid import price amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2021 an increase of 40%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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