Czech Republic: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in the Czech Republic

In 2021, the Czech market for palmitic acid, stearic acid, their salts and esters increased by 22% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a pronounced shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in the Czech Republic

In value terms, production of palmitic acid, stearic acid, their salts and esters dropped to $X in 2021 estimated in export price. Overall, production showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 56%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from the Czech Republic

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were exported from the Czech Republic; falling by -34.3% compared with 2020 figures. In general, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 1,212%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters surged to $X in 2021. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 291%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from the Czech Republic, with a 68% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Poland exceeded the volume sent to the second major destination, Slovakia (X tons), sixfold. Italy (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-2.3% per year) and Italy (+87.6% per year).

In value terms, Poland ($X) remains the key foreign market for palmitic acid, stearic acid, their salts and esters exports from the Czech Republic, comprising 54% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 20% share of total exports. It was followed by Italy, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Poland amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+2.4% per year) and Italy (+71.6% per year).

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, surging by 79% against the previous year. Overall, the export price, however, showed a slight decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 Portugal ($X per ton), while the average price for exports to Serbia ($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 Serbia (+74.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into the Czech Republic

Imports of palmitic acid, stearic acid, their salts and esters into the Czech Republic totaled X tons in 2021, growing by 15% against 2020. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.8% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to the Czech Republic, accounting for a 45% share of total imports. Moreover, imports of palmitic acid, stearic acid, their salts and esters from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.6% per year) and Belgium (+64.9% per year).

In value terms, Germany ($X), Italy ($X) and Spain ($X) constituted the largest palmitic acid, stearic acid, their salts and esters suppliers to the Czech Republic, with a combined 71% share of total imports. These countries were followed by Belgium, South Korea, the Netherlands and Malaysia, which together accounted for a further 24%.

In terms of the main suppliers, South Korea, with a CAGR of +82.4%, 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 import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, increasing by 30% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 47%. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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