EU: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in the EU

The EU market for palmitic acid, stearic acid, their salts and esters was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, continues to indicate a mild descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in the EU

In value terms, production of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable reduction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports in the EU

In 2021, shipments abroad of palmitic acid, stearic acid, their salts and esters was finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy represented the major exporting country with an export of about X tons, which amounted to 38% of total exports. Germany (X tons) held the second position in the ranking, followed by Spain (X tons), Belgium (X tons) and the Netherlands (X tons). All these countries together took approx. 52% share of total exports. Sweden (X tons) and France (X tons) followed a long way behind the leaders.

Exports from Italy increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, Germany (+4.3%), the Netherlands (+2.6%) and Belgium (+2.6%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +4.3% from 2012-2021. By contrast, France (-1.5%), Spain (-2.4%) and Sweden (-7.7%) illustrated a downward trend over the same period. While the share of Italy (+4 p.p.) and Germany (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-4.7 p.p.) and Spain (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest palmitic acid, stearic acid, their salts and esters supplier in the European Union, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Italy amounted to +3.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+3.3% per year) and Spain (+0.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 24% against the previous year. Overall, the export price recorded 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 by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Sweden ($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 (+3.1%), while the other leaders experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports in the EU

In 2021, supplies from abroad of palmitic acid, stearic acid, their salts and esters increased by 24% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. Total imports indicated a perceptible 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, imports increased by +65.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) and the Netherlands (X tons) represented the largest importers of palmitic acid, stearic acid, their salts and esters in the European Union, together resulting at near 35% of total imports. France (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Spain (11%), Italy (7.3%), Belgium (7%), Sweden (6.7%) and Austria (4.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +11.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together comprising 44% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +10.4%, recorded 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 22% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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 (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :