EU: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in the EU

The EU aldehydes cyclic polymers market fell to $X in 2022, reducing by -6.6% against the previous year. Overall, consumption continues to indicate a mild curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Aldehydes Cyclic Polymers Production in the EU

In value terms, aldehydes cyclic polymers production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aldehydes Cyclic Polymers Exports

Exports in the EU

Aldehydes cyclic polymers exports surged to X tons in 2022, growing by 26% compared with 2021 figures. In general, exports posted perceptible growth. The growth pace was the most rapid in 2021 with an increase of 121% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, aldehydes cyclic polymers exports dropped to $X in 2022. Overall, exports, however, recorded a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 90%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Spain (X tons) was the largest exporter of cyclic polymers of aldehydes, making up 63% of total exports. It was distantly followed by Germany (X tons), creating a 28% share of total exports. Belgium (X tons), France (X tons), Portugal (X tons) and Italy (X tons) held a minor share of total exports.

Exports from Spain increased at an average annual rate of +23.2% from 2012 to 2022. At the same time, Portugal (+42.3%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +42.3% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, France (-2.1%), Germany (-6.7%) and Belgium (-7.1%) illustrated a downward trend over the same period. While the share of Spain (+53 p.p.) and Portugal (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-4.1 p.p.) and Germany (-39.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aldehydes cyclic polymers supplying countries in the European Union were Germany ($X), Spain ($X) and Belgium ($X), with a combined 94% share of total exports. France, Portugal and Italy lagged somewhat behind, together accounting for a further 5.8%.

Portugal, with a CAGR of +48.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, shrinking by -23.2% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by 154% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.2%), while the other leaders experienced more modest paces of growth.

Aldehydes Cyclic Polymers Imports

Imports in the EU

In 2022, purchases abroad of cyclic polymers of aldehydes decreased by -0.9% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 66%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers imports fell to $X in 2022. Overall, imports recorded a mild setback. The pace of growth was the most pronounced in 2021 when imports increased by 46%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Sweden dominates imports structure, amounting to X tons, which was approx. 76% of total imports in 2022. France (X tons) ranks second in terms of the total imports with an 8.4% share, followed by Germany (8.1%). Italy (X tons) and Spain (X tons) took a minor share of total imports.

Imports into Sweden increased at an average annual rate of +10.8% from 2012 to 2022. At the same time, Spain (+12.5%) and Italy (+2.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +12.5% from 2012-2022. Germany and France experienced a relatively flat trend pattern. Sweden (+58 p.p.), Germany (+3.2 p.p.), France (+2.7 p.p.) and Spain (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported cyclic polymers of aldehydes in the European Union, comprising 49% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by France, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +9.6%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-2.1% per year) and France (-1.9% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, falling by -5.1% against the previous year. In general, the import price, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2015 when the import price increased by 72%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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