Czech Republic: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in the Czech Republic

The Czech polycarboxylic acid market amounted to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Polycarboxylic Acid Production in the Czech Republic

In value terms, polycarboxylic acid production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 50% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Polycarboxylic Acid Exports

Exports from the Czech Republic

In 2022, approx. X tons of polycarboxylic acids were exported from the Czech Republic; picking up by 27% compared with 2021 figures. Over the period under review, exports enjoyed temperate growth. The pace of growth was the most pronounced in 2017 with an increase of 455%. 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, polycarboxylic acid exports surged to $X in 2022. Overall, exports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 345%. 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

Romania (X tons) was the main destination for polycarboxylic acid exports from the Czech Republic, accounting for a 55% share of total exports. Moreover, polycarboxylic acid exports to Romania exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Switzerland (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +98.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.7% per year) and Switzerland (-3.8% per year).

In value terms, Romania ($X) emerged as the key foreign market for polycarboxylic acids exports from the Czech Republic, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 22% share of total exports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at +90.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.8% per year) and Switzerland (-3.1% per year).

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, waning by -2.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into the Czech Republic

In 2022, the amount of polycarboxylic acids imported into the Czech Republic reduced to X tons, which is down by -11.7% on the previous year. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +4.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarboxylic acid imports contracted modestly to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +62.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of polycarboxylic acid imports to the Czech Republic, with a combined 59% share of total imports. Belgium, Poland, Italy, China, Hungary, Sweden and Austria lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +36.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to the Czech Republic were Germany ($X), the Netherlands ($X) and Spain ($X), with a combined 56% share of total imports. Poland, Belgium, China, Italy, Hungary, Sweden and Austria lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Hungary, with a CAGR of +38.9%, 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

In 2022, the average polycarboxylic acid import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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