EU: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in the EU

The EU polycarboxylic acid market surged to $X in 2022, rising by 34% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; 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.

Polycarboxylic Acid Production in the EU

In value terms, polycarboxylic acid production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Polycarboxylic Acid Exports

Exports in the EU

In 2022, after six years of growth, there was significant decline in shipments abroad of polycarboxylic acids, when their volume decreased by -28.3% to X tons. Over the period under review, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 56%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped dramatically in the following year.

In value terms, polycarboxylic acid exports declined to $X in 2022. Overall, exports continue to indicate a slight slump. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The biggest shipments were from Belgium (X tons), Portugal (X tons), the Netherlands (X tons), Poland (X tons) and Germany (X tons), together finishing at 80% of total export. Spain (X tons) ranks next in terms of the total exports with a 6.9% share, followed by Italy (5.1%) and France (4.9%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 48% share of total exports. Portugal, Poland, Italy, France and Spain lagged somewhat behind, together comprising a further 48%.

France, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 2022, jumping by 20% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 43% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the other leaders experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports in the EU

In 2022, imports of polycarboxylic acids in the European Union dropped to X tons, shrinking by -8.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, polycarboxylic acid imports expanded significantly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 61%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons), Italy (X tons), Lithuania (X tons), Spain (X tons) and the Netherlands (X tons) was the main importer of polycarboxylic acids in the European Union, achieving 79% of total import. It was distantly followed by France (X tons), creating a 6.1% share of total imports. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid importing markets in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), together accounting for 52% of total imports. Lithuania, Spain, France and Belgium lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, Spain, with a CAGR of +11.4%, 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

In 2022, the import price in the European Union amounted to $X per ton, rising by 20% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 38%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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