EU: Acetic Anhydride Market 2024

Acetic Anhydride Market Size in the EU

The EU acetic anhydride market soared to $X in 2021, increasing by 29% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Acetic Anhydride Production in the EU

In value terms, acetic anhydride production contracted markedly to $X in 2021 estimated in export price. In general, production saw a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 2,858% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Acetic Anhydride Exports

Exports in the EU

In 2021, acetic anhydride exports in the European Union dropped dramatically to X tons, waning by -42.5% on the previous year's figure. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 251% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, acetic anhydride exports shrank to $X in 2021. Overall, exports showed a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of 191%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Belgium (X tons) was the main exporter of acetic anhydride, making up 65% of total exports. It was distantly followed by the Netherlands (X tons), comprising a 34% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +5.3%).

In value terms, Belgium ($X) remains the largest acetic anhydride supplier in the European Union, comprising 66% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 33% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium totaled -7.1%.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 53% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%).

Acetic Anhydride Imports

Imports in the EU

In 2021, the amount of acetic anhydride imported in the European Union contracted to X tons, which is down by -9.4% on 2020 figures. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 38%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, acetic anhydride imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Belgium represented the major importer of acetic anhydride in the European Union, with the volume of imports resulting at X tons, which was approx. 49% of total imports in 2021. Germany (X tons) ranks second in terms of the total imports with a 21% share, followed by the Netherlands (17%). France (X tons), Italy (X tons) and Spain (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to acetic anhydride imports into Belgium stood at +1.5%. At the same time, Spain (+4.9%) and the Netherlands (+2.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +4.9% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Italy (-1.6%) and France (-5.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium and the Netherlands increased by +5.7 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest acetic anhydride importing markets in the European Union were Belgium ($X), Germany ($X) and the Netherlands ($X), together accounting for 82% of total imports. France, Italy and Spain lagged somewhat behind, together accounting for a further 14%.

Spain, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 32% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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