EU: Acetone Market 2024

Acetone Market Size in the EU

In 2021, the EU acetone market increased by 34% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption, however, showed a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Acetone Production in the EU

In value terms, acetone production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild decrease. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Acetone Exports

Exports in the EU

In 2021, after two years of decline, there was growth in shipments abroad of acetone, when their volume increased by 4% to X tons. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, acetone exports surged to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 61% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) and Belgium (X tons) represented roughly 63% of total exports in 2021. It was distantly followed by Germany (X tons), Finland (X tons) and the Netherlands (X tons), together creating a 27% share of total exports. France (X tons) and Poland (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +6.3%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 70% of total exports. These countries were followed by Finland, the Netherlands, France and Poland, which together accounted for a further 26%.

The Netherlands, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, jumping by 31% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 34% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Poland ($X per ton), while Spain ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the other leaders experienced more modest paces of growth.

Acetone Imports

Imports in the EU

In 2021, approx. X tons of acetone were imported in the European Union; picking up by 13% against 2020 figures. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, acetone imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 95%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons), Belgium (X tons) and Italy (X tons) represented roughly 74% of total imports in 2021. It was distantly followed by France (X tons), comprising an 8% share of total imports. Spain (X tons) and Poland (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Italy (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acetone importing markets in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), together accounting for 53% of total imports.

Italy, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in the European Union amounted to $X per ton, jumping by 44% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 55%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :