EU: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in the EU

The EU acrylic acid esters market expanded slightly to $X in 2022, surging by 3.6% against the previous year. In general, consumption saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Acrylic Acid Esters Production in the EU

In value terms, acrylic acid esters production expanded notably to $X in 2022 estimated in export price. In general, production enjoyed a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Acrylic Acid Esters Exports

Exports in the EU

After three years of growth, overseas shipments of esters of acrylic acid decreased by -24.4% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, acrylic acid esters exports reduced sharply to $X in 2022. Overall, exports, however, enjoyed modest growth. The pace of growth was the most pronounced in 2021 when exports increased by 127% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), France (X tons) and the Czech Republic (X tons) represented the key exporters of esters of acrylic acid, together creating 94% of total exports. The Netherlands (X tons) and Slovenia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +251.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the countries with the highest levels of exports in 2022, together comprising 85% of total exports. The Czech Republic, the Netherlands and Slovenia lagged somewhat behind, together accounting for a further 14%.

Among the main exporting countries, Slovenia, with a CAGR of +195.3%, saw the highest growth rate of the value of exports, 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, with an increase of 10% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters export price increased by +77.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.1%), while the other leaders experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports in the EU

In 2022, supplies from abroad of esters of acrylic acid decreased by -33.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, acrylic acid esters imports plummeted to $X in 2022. Over the period under review, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2021 when imports increased by 122%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

The purchases of the six major importers of esters of acrylic acid, namely Germany, Belgium, Italy, the Netherlands, France and Spain, represented more than two-thirds of total import. It was distantly followed by Sweden (X tons), constituting a 4.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +6.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, with a combined 52% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +8.3%, recorded the highest growth rate of 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 import price in the European Union stood at $X per ton in 2022, picking up by 18% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +89.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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