EU: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in the EU

After two years of decline, the EU ethyl acetate market increased by 64% to $X in 2021. The total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ethyl Acetate Production in the EU

In value terms, ethyl acetate production surged to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Ethyl Acetate Exports

Exports in the EU

In 2021, approx. X tons of ethyl acetate were exported in the European Union; surging by 13% on 2020 figures. Over the period under review, exports saw a mild increase. The growth pace was the most rapid in 2020 with an increase of 130% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, ethyl acetate exports skyrocketed to $X in 2021. In general, exports recorded a measured increase. The growth pace was the most rapid in 2020 when exports increased by 145% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

In 2021, Belgium (X tons) represented the major exporter of ethyl acetate, comprising 73% of total exports. The Netherlands (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (5.3%). Spain (X tons) held a little share of total exports.

Belgium was also the fastest-growing in terms of the ethyl acetate exports, with a CAGR of +1.8% from 2012 to 2021. Sweden and the Netherlands experienced a relatively flat trend pattern. Spain (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium increased by +3.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest ethyl acetate supplier in the European Union, comprising 72% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by Sweden, with a 3.7% share.

In Belgium, ethyl acetate exports expanded at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+3.4% per year) and Sweden (-0.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, surging by 53% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethyl acetate export price increased by +63.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the other leaders experienced more modest paces of growth.

Ethyl Acetate Imports

Imports in the EU

In 2021, approx. X tons of ethyl acetate were imported in the European Union; increasing by 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ethyl acetate imports skyrocketed to $X in 2021. In general, imports recorded a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium represented the largest importing country with an import of around X tons, which recorded 36% of total imports. Italy (X tons) ranks second in terms of the total imports with a 19% share, followed by Germany (13%), Spain (7.7%), the Netherlands (7.7%) and France (6.1%). Poland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +3.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together accounting for 64% of total imports.

Among the main importing countries, Italy, with a CAGR of +6.4%, 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 2021, the import price in the European Union amounted to $X per ton, with an increase of 64% against the previous year. Import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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