Europe: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Europe

The Europe industrial monocarboxylic fatty acids market surged to $X in 2021, growing by 17% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Industrial Monocarboxylic Fatty Acids in Europe

In value terms, industrial monocarboxylic fatty acids production fell sharply to $X in 2021 estimated in export price. Overall, production showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports in Europe

In 2021, approx. X tons of industrial monocarboxylic fatty acids were exported in Europe; surging by 14% against 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 +94.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) was the main exporter of industrial monocarboxylic fatty acids, making up 47% of total exports. Belgium (X tons) held the second position in the ranking, followed by Germany (X tons) and Spain (X tons). All these countries together took near 37% share of total exports. Russia (X tons), Ukraine (X tons), France (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 industrial monocarboxylic fatty acids. At the same time, Russia (+9.0%), Spain (+8.5%), Poland (+5.7%) and France (+1.4%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +9.0% from 2012-2021. Germany and Ukraine experienced a relatively flat trend pattern. By contrast, Belgium (-1.5%) illustrated a downward trend over the same period. Spain (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Belgium saw its share reduced by -1.6% and -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest industrial monocarboxylic fatty acids supplier in Europe, comprising 47% of total exports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total exports. It was followed by Germany, with a 15% share.

In the Netherlands, industrial monocarboxylic fatty acids exports expanded at an average annual rate of +2.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+1.2% per year) and Germany (+0.3% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, rising by 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, the export 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 exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.8%), while the other leaders experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports in Europe

For the third consecutive year, Europe recorded growth in purchases abroad of industrial monocarboxylic fatty acids, which increased by 27% to X tons in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.6% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. Over the period under review, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the largest importer of industrial monocarboxylic fatty acids in Europe, with the volume of imports reaching X tons, which was approx. 36% of total imports in 2021. Italy (X tons) ranks second in terms of the total imports with an 18% share, followed by Spain (9.7%), Germany (9.3%) and Sweden (6%). The UK (X tons), Belgium (X tons), France (X tons), Poland (X tons), Denmark (X tons) and Finland (X tons) followed a long way behind the leaders.

Imports into the Netherlands increased at an average annual rate of +9.7% from 2012 to 2021. At the same time, Finland (+26.6%), Italy (+17.4%), Spain (+5.1%), Poland (+4.3%), Belgium (+3.9%), France (+3.8%), the UK (+3.1%) and Denmark (+1.8%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Europe, with a CAGR of +26.6% from 2012-2021. Sweden and Germany experienced a relatively flat trend pattern. While the share of Italy (+10 p.p.) and the Netherlands (+8.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-4.9 p.p.) and Germany (-8.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial monocarboxylic fatty acids importing markets in Europe were the Netherlands ($X), Italy ($X) and Germany ($X), with a combined 60% share of total imports. Spain, Sweden, Belgium, France, the UK, Poland, Denmark and Finland lagged somewhat behind, together comprising a further 35%.

Finland, with a CAGR of +26.6%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2021, surging by 35% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform