EU: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in the EU

The EU market for lauric acid and other acids, their salts and esters surged to $X in 2021, growing by 21% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern 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.

Production of Lauric Acid And Other Acids, Their Salts And Esters in the EU

In value terms, production of lauric acid and other acids, their salts and esters soared to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in the EU

For the fourth consecutive year, the European Union recorded growth in overseas shipments of lauric acid and other acids, their salts and esters, which increased by 25% to X tons in 2021. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +91.5% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and the Netherlands (X tons) were the main exporters of lauric acid and other acids, their salts and esters in 2021, finishing at near 33% and 32% of total exports, respectively. It was distantly followed by Belgium (X tons), creating a 20% share of total exports. France (X tons), Austria (X tons), Italy (X tons) and Hungary (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Austria (with a CAGR of +159.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lauric acid and other acids, their salts and esters supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 78% share of total exports. These countries were followed by France, Italy, Hungary and Austria, which together accounted for a further 18%.

In terms of the main exporting countries, Austria, with a CAGR of +144.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 22% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Austria ($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 a decline in the export price figures.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in the EU

In 2021, supplies from abroad of lauric acid and other acids, their salts and esters increased by 8.5% to X tons, rising for the second year in a row after two years of decline. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 +56.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +57.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the key importing country with an import of about X tons, which recorded 40% of total imports. Belgium (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Germany (12%), Italy (7.8%), Spain (6.2%) and France (4.9%).

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, together comprising 63% of total imports.

The Netherlands, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, growing by 22% against the previous year. Overall, the import price, however, recorded a slight slump. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :