Europe: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Europe

The Europe acrylic acid esters market expanded modestly to $X in 2022, increasing by 4.1% against the previous year. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Acrylic Acid Esters Production in Europe

In value terms, acrylic acid esters production rose sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Acrylic Acid Esters Exports

Exports in Europe

In 2022, after three years of growth, there was significant decline in shipments abroad of esters of acrylic acid, when their volume decreased by -25.5% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, acrylic acid esters exports plummeted to $X in 2022. Overall, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), France (X tons), Russia (X tons) and the Czech Republic (X tons) were the main exporters of esters of acrylic acid, together creating 95% of total exports. The Netherlands (X tons) and Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Slovenia (with a CAGR of +251.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 79% of total exports. Russia, the Czech Republic, the Netherlands and Slovenia lagged somewhat behind, together comprising a further 20%.

Among the main exporting countries, Slovenia, with a CAGR of +195.3%, recorded the highest growth rate of the value of exports, 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 Europe stood at $X per ton in 2022, surging by 11% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters export price increased by +73.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 57%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.1%), while the other leaders experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports in Europe

In 2022, purchases abroad of esters of acrylic acid decreased by -31.1% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, acrylic acid esters imports dropped rapidly to $X in 2022. Over the period under review, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

The countries with the highest levels of acrylic acid esters imports in 2022 were Germany (X tons), Belgium (X tons), Italy (X tons), the Netherlands (X tons), France (X tons), Spain (X tons), Switzerland (X tons), the UK (X tons) and Sweden (X tons), together reaching 89% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic acid esters importing markets in Europe were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined 44% share of total imports.

The Netherlands, with a CAGR of +8.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Europe amounted to $X per ton, increasing by 18% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +88.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 59%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the UK ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform