Europe: Acrylonitrile Market 2024

Acrylonitrile Market Size in Europe

The Europe acrylonitrile market surged to $X in 2021, growing by 20% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 +78.3% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

Acrylonitrile Production in Europe

In value terms, acrylonitrile production contracted to $X in 2021 estimated in export price. In general, production showed a perceptible reduction. The growth pace was the most rapid in 2013 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Acrylonitrile Exports

Exports in Europe

In 2021, shipments abroad of acrylonitrile increased by 14% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, acrylonitrile exports surged to $X in 2021. In general, exports enjoyed a pronounced expansion. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands represented the main exporting country with an export of about X tons, which resulted at 45% of total exports. Germany (X tons) ranks second in terms of the total exports with a 29% share, followed by Russia (19%) and Belgium (6%).

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +64.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylonitrile supplying countries in Europe were the Netherlands ($X), Germany ($X) and Russia ($X), together comprising 91% of total exports.

The Netherlands, with a CAGR of +65.2%, recorded the highest rates of growth with regard to 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

In 2021, the export price in Europe amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Acrylonitrile Imports

Imports in Europe

In 2021, approx. X tons of acrylonitrile were imported in Europe; picking up by 18% against 2020. The total import volume increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, acrylonitrile imports surged to $X in 2021. Total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of acrylonitrile imports in 2021 were Belgium (X tons), France (X tons) and the Netherlands (X tons), together finishing at 58% of total import. The UK (X tons) held a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by Germany (7.2%), Italy (7%), Hungary (6.4%), Portugal (5.2%) and Spain (5.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the UK (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together comprising 55% of total imports. These countries were followed by the UK, Germany, Hungary, Italy, Spain and Portugal, which together accounted for a further 42%.

The UK, with a CAGR of +20.3%, recorded the highest rates of growth with regard to 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 2021, the import price in Europe amounted to $X per ton, surging by 38% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform