EU: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in the EU

In 2022, the EU salts of acetic acid market increased by 40% to $X, rising for the second year in a row after two years of decline. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Salts Of Acetic Acid in the EU

In value terms, salts of acetic acid production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 32%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Exports of Salts Of Acetic Acid

Exports in the EU

Salts of acetic acid exports dropped to X tons in 2022, waning by -13.9% on 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, salts of acetic acid exports expanded rapidly to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.1% against 2015 indices. The pace of growth was the most pronounced in 2015 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands was the key exporting country with an export of about X tons, which amounted to 48% of total exports. Germany (X tons) ranks second in terms of the total exports with a 19% share, followed by France (8.8%) and Belgium (8.7%). Slovenia (X tons), Croatia (X tons) and Poland (X tons) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of salts of acetic acid. At the same time, Croatia (+119.5%), Poland (+25.7%) and Slovenia (+5.5%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +119.5% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Belgium (-3.0%) and France (-6.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Croatia, Poland and Slovenia increased by +4, +3.5, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salts of acetic acid supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 84% share of total exports. France, Poland, Croatia and Slovenia lagged somewhat behind, together accounting for a further 9.6%.

Croatia, with a CAGR of +96.6%, recorded the highest growth rate of the value of exports, among 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, increasing by 25% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts of acetic acid export price increased by +70.2% against 2015 indices. 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 Germany ($X per ton), while Slovenia ($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 (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports in the EU

For the third consecutive year, the European Union recorded growth in overseas purchases of salts of acetic acid, which increased by 14% to X tons in 2022. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +81.8% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, salts of acetic acid imports surged to $X in 2022. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), France (X tons), Spain (X tons), Italy (X tons), Belgium (X tons), Poland (X tons) and the Czech Republic (X tons) represented the main importers of salts of acetic acid, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salts of acetic acid importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 46% of total imports.

The Netherlands, with a CAGR of +15.2%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in the European Union amounted to $X per ton, jumping by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Netherlands ($X per ton), while the Czech Republic ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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