EU: Maleic Anhydride Market 2024

Maleic Anhydride Market Size in the EU

In 2021, the EU maleic anhydride market increased by 25% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.5% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Maleic Anhydride Production in the EU

In value terms, maleic anhydride production totaled $X in 2021 estimated in export price. In general, production, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 9.4%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Maleic Anhydride Exports

Exports in the EU

In 2021, after three years of decline, there was significant growth in shipments abroad of maleic anhydride, when their volume increased by 17% to X tons. Over the period under review, exports, however, showed a abrupt decline. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, maleic anhydride exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Hungary (X tons) and Italy (X tons) were the key exporters of maleic anhydride in the European Union, together creating 69% of total exports. It was distantly followed by the Netherlands (X tons) and Belgium (X tons), together achieving a 25% share of total exports. The following exporters - Spain (X tons) and Slovenia (X tons) - each reached a 3.9% 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 Slovenia (with a CAGR of +51.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Italy ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021, with a combined 84% share of total exports. Belgium, Spain and Slovenia lagged somewhat behind, together comprising a further 13%.

In terms of the main exporting countries, Slovenia, with a CAGR of +57.4%, recorded the highest rates of growth with regard to 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

In 2021, the export price in the European Union amounted to $X per ton, picking up by 64% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Spain ($X per ton) and Slovenia ($X per ton), while the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+3.7%), while the other leaders experienced more modest paces of growth.

Maleic Anhydride Imports

Imports in the EU

In 2021, the amount of maleic anhydride imported in the European Union surged to X tons, growing by 33% on 2020. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.4% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, maleic anhydride imports surged to $X in 2021. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), France (X tons), the Netherlands (X tons), Germany (X tons), Spain (X tons) and Poland (X tons) represented roughly 78% of total imports in 2021. The following importers - Belgium (X tons), Denmark (X tons), Finland (X tons), Austria (X tons) and Slovenia (X tons) - together made up 16% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest maleic anhydride importing markets in the European Union were Italy ($X), France ($X) and the Netherlands ($X), together accounting for 45% of total imports. Germany, Spain, Poland, Belgium, Denmark, Finland, Austria and Slovenia lagged somewhat behind, together accounting for a further 48%.

In terms of the main importing countries, Spain, with a CAGR of +15.6%, 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

The import price in the European Union stood at $X per ton in 2021, surging by 60% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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