EU: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in the EU

The EU industrial monocarboxylic fatty acids market soared to $X in 2021, increasing by 25% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Industrial Monocarboxylic Fatty Acids in the EU

In value terms, industrial monocarboxylic fatty acids production dropped significantly to $X in 2021 estimated in export price. Overall, production recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8.4% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in the EU

For the third consecutive year, the European Union recorded growth in shipments abroad of industrial monocarboxylic fatty acids, which increased by 18% to X tons in 2021. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports surged to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 increased by +95.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the main exporter of industrial monocarboxylic fatty acids in the European Union, with the volume of exports recording X tons, which was near 50% of total exports in 2021. Belgium (X tons) ranks second in terms of the total exports with a 16% share, followed by Germany (14%) and Spain (8.6%). The following exporters - France (X tons), Poland (X tons) and Bulgaria (X tons) - each recorded a 5.7% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of industrial monocarboxylic fatty acids. At the same time, Bulgaria (+19.1%), Spain (+8.5%), Poland (+5.7%) and France (+1.4%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +19.1% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Belgium (-1.5%) illustrated a downward trend over the same period. Spain (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Belgium saw its share reduced by -2.2% and -3.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest industrial monocarboxylic fatty acids supplier in the European Union, comprising 49% of total exports. The second position in the ranking was held by Belgium ($X), with a 19% share of total exports. It was followed by Germany, with a 15% share.

In the Netherlands, industrial monocarboxylic fatty acids exports expanded at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+1.2% per year) and Germany (+0.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, jumping by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.8%), while the other leaders experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in the EU

For the third year in a row, the European Union recorded growth in purchases abroad of industrial monocarboxylic fatty acids, which increased by 28% to X tons in 2021. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the main importing country with an import of around X tons, which finished at 38% of total imports. It was distantly followed by Italy (X tons), Spain (X tons), Germany (X tons) and Sweden (X tons), together constituting a 45% share of total imports. The following importers - Belgium (X tons), France (X tons) and Poland (X tons) - each finished at a 9.3% share of total imports.

Imports into the Netherlands increased at an average annual rate of +9.7% from 2012 to 2021. At the same time, Italy (+17.4%), Spain (+5.1%), Poland (+4.3%), Belgium (+3.9%) and France (+3.8%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of +17.4% from 2012-2021. Sweden and Germany experienced a relatively flat trend pattern. While the share of Italy (+11 p.p.) and the Netherlands (+8.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-5.3 p.p.) and Germany (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Italy ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, together comprising 64% of total imports.

In terms of the main importing countries, Italy, with a CAGR of +14.3%, saw 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

In 2021, the import price in the European Union amounted to $X per ton, increasing by 35% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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