EU: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in the EU

The EU industrial fatty alcohols market was estimated at $X in 2021, increasing by 8.4% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Fatty Alcohols Production in the EU

In value terms, industrial fatty alcohols production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. The level of production peaked in 2021 and is likely to see steady growth in years to come.

Industrial Fatty Alcohols Exports

Exports in the EU

For the fourth year in a row, the European Union recorded growth in overseas shipments of industrial fatty alcohols, which increased by 6.9% to X tons in 2021. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.7% against 2014 indices. The pace of growth appeared the most rapid in 2015 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, industrial fatty alcohols exports soared to $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) represented the key exporter of industrial fatty alcohols, comprising 59% of total exports. Germany (X tons) took a 32% share (based on physical terms) of total exports, which put it in second place, followed by France (5.6%). Belgium (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial fatty alcohols supplying countries in the European Union were the Netherlands ($X), Germany ($X) and France ($X), together comprising 96% of total exports.

The Netherlands, with a CAGR of +12.3%, 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

In 2021, the export price in the European Union amounted to $X per ton, increasing by 31% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Germany ($X per ton), while the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.2%), while the other leaders experienced mixed trends in the export price figures.

Industrial Fatty Alcohols Imports

Imports in the EU

In 2021, industrial fatty alcohols imports in the European Union reduced slightly to X tons, flattening at 2020. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, industrial fatty alcohols imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) was the key importer of industrial fatty alcohols, achieving 35% of total imports. Belgium (X tons) held the second position in the ranking, followed by Germany (X tons), Italy (X tons) and France (X tons). All these countries together took approx. 54% share of total imports. The following importers - Spain (X tons) and Poland (X tons) - each accounted for a 7.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +9.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together comprising 67% of total imports. Italy, France, Spain and Poland lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Spain, with a CAGR of +7.5%, 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 2021, surging by 33% against the previous year. Overall, the import price, however, saw a slight reduction. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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