Czech Republic: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in the Czech Republic

In 2021, after six years of growth, there was decline in the Czech carboxylic acid market, when its value decreased by -0.4% to $X. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +160.3% against 2014 indices. Carboxylic acid consumption peaked at $X in 2020, and then dropped slightly in the following year.

Carboxylic Acid Production in the Czech Republic

In value terms, carboxylic acid production shrank to $X in 2021 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +46.6% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 30% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Carboxylic Acid Exports

Exports from the Czech Republic

In 2021, shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions decreased by -37.9% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2014 with an increase of 1,866%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, carboxylic acid exports reached $X in 2021. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 261%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for carboxylic acid exports from the Czech Republic, accounting for a 43% share of total exports. Moreover, carboxylic acid exports to Slovakia exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-9.4% per year) and Poland (+27.9% per year).

In value terms, Russia ($X) remains the key foreign market for carboxylic acid with alcohol, phenol, aldehyde or ketone functions exports from the Czech Republic, comprising 63% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total exports. It was followed by Italy, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +218.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+18.6% per year) and Italy (-6.8% per year).

Export Prices by Country

The average carboxylic acid export price stood at $X per ton in 2021, rising by 62% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 602%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($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 Russia (+55.6%), while the prices for the other major destinations experienced more modest paces of growth.

Carboxylic Acid Imports

Imports into the Czech Republic

In 2021, approx. X tons of carboxylic acid with alcohol, phenol, aldehyde or ketone functions were imported into the Czech Republic; picking up by 18% on 2020 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, carboxylic acid imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Hungary (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of carboxylic acid imports to the Czech Republic, together comprising 69% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +33.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid suppliers to the Czech Republic were Italy ($X), Hungary ($X) and Germany ($X), together comprising 77% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +28.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carboxylic acid import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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