EU: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the EU

For the eighth year in a row, the EU reaction initiators and accelerators market recorded growth in sales value, which increased by 0.1% to $X in 2022. In general, consumption recorded a buoyant increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the EU

In value terms, reaction initiators and accelerators production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in the EU

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 4.3% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 9.1% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, reaction initiators and accelerators exports dropped to $X in 2022. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Germany (X tons) represented the key exporter of reaction initiators, reaction accelerators and catalytic preparations, generating 49% of total exports. The Netherlands (X tons) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by France (5.1%). Poland (X tons), Italy (X tons), Denmark (X tons), Belgium (X tons) and Finland (X tons) held a minor share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of reaction initiators, reaction accelerators and catalytic preparations. At the same time, Poland (+22.7%), Italy (+7.9%), France (+5.4%), the Netherlands (+3.7%), Finland (+3.2%), Belgium (+2.5%) and Denmark (+2.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +22.7% from 2012-2022. Poland (+3.5 p.p.), the Netherlands (+2.2 p.p.) and Italy (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -9.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest reaction initiators and accelerators supplier in the European Union, comprising 39% of total exports. The second position in the ranking was taken by Poland ($X), with a 17% share of total exports. It was followed by Italy, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to +6.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+60.5% per year) and Italy (+7.6% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, reducing by -9% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators export price increased by +74.8% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+30.8%), while the other leaders experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in the EU

In 2022, overseas purchases of reaction initiators, reaction accelerators and catalytic preparations decreased by -4.5% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of X tons, and then fell modestly in the following year.

In value terms, reaction initiators and accelerators imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X tons), Spain (X tons), the Netherlands (X tons), Belgium (X tons), Italy (X tons), France (X tons), Poland (X tons), Portugal (X tons), the Czech Republic (X tons), Austria (X tons), Greece (X tons) and Bulgaria (X tons) represented roughly 85% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in the European Union, comprising 40% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total imports. It was followed by Portugal, with an 8.9% share.

In Germany, reaction initiators and accelerators imports increased at an average annual rate of +10.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (+11.3% per year) and Portugal (+18.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, approximately equating the previous year. In general, the import price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 28%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell modestly in the following year.

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 the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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