Czech Republic: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in the Czech Republic

In 2021, after two years of decline, there was significant growth in the Czech ethyl acetate market, when its value increased by 5.2% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Ethyl Acetate Production in the Czech Republic

In value terms, ethyl acetate production surged to $X in 2021 estimated in export price. In general, production, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 20%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ethyl Acetate Exports

Exports from the Czech Republic

In 2021, the amount of ethyl acetate exported from the Czech Republic surged to X tons, picking up by 85% against the previous year's figure. In general, exports saw significant growth. The growth pace was the most rapid in 2018 when exports increased by 159% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, ethyl acetate exports surged to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 196% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for ethyl acetate exports from the Czech Republic, accounting for a 45% share of total exports. Moreover, ethyl acetate exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +253.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+122.7% per year) and Italy (+113.9% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for ethyl acetate exports from the Czech Republic, comprising 41% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +227.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+89.1% per year) and Germany (+99.0% per year).

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, rising by 44% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethyl acetate export price increased by +74.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($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 Slovakia (+6.8%), while the prices for the other major destinations experienced a decline.

Ethyl Acetate Imports

Imports into the Czech Republic

In 2021, approx. X tons of ethyl acetate were imported into the Czech Republic; surging by 6.1% on the year before. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +10.1% 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 +27.2% against 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by 35% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, ethyl acetate imports soared to $X in 2021. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Ukraine (X tons) and the Netherlands (X tons) were the main suppliers of ethyl acetate imports to the Czech Republic, together comprising 79% of total imports. These countries were followed by Germany, Estonia, Sweden and the UK, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +179.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethyl acetate suppliers to the Czech Republic were Belgium ($X), Ukraine ($X) and the Netherlands ($X), with a combined 79% share of total imports. Estonia, Germany, Sweden and the UK lagged somewhat behind, together accounting for a further 18%.

Estonia, with a CAGR of +201.8%, recorded the highest growth rate of the value of imports, among 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 ethyl acetate import price stood at $X per ton in 2021, picking up by 75% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethyl acetate import price increased by +85.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :