Europe: Maleic Anhydride Market 2024

Maleic Anhydride Market Size in Europe

In 2021, the Europe maleic anhydride market increased by 27% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 +76.8% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Maleic Anhydride Production in Europe

In value terms, maleic anhydride production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 9.3%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Maleic Anhydride Exports

Exports in Europe

In 2021, overseas shipments of maleic anhydride increased by 22% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a abrupt decline. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, maleic anhydride exports soared to $X in 2021. Overall, exports, however, recorded a deep reduction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) and Italy (X tons) represented roughly 56% of total exports in 2021. It was distantly followed by Bosnia and Herzegovina (X tons), the Netherlands (X tons) and Belgium (X tons), together creating a 36% share of total exports. Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest maleic anhydride supplying countries in Europe were Hungary ($X), Italy ($X) and Bosnia and Herzegovina ($X), together accounting for 73% of total exports. These countries were followed by the Netherlands, Belgium and Spain, which together accounted for a further 21%.

Among the main exporting countries, the Netherlands, with a CAGR of +24.1%, saw 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 2021, with an increase of 66% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+2.3%), while the other leaders experienced more modest paces of growth.

Maleic Anhydride Imports

Imports in Europe

In 2021, imports of maleic anhydride in Europe surged to X tons, growing by 34% on the previous year's figure. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, maleic anhydride imports surged to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons), France (X tons), the Netherlands (X tons), Germany (X tons), Spain (X tons), the UK (X tons) and Poland (X tons) was the main importer of maleic anhydride in Europe, constituting 76% of total import. Belgium (X tons), Denmark (X tons), Russia (X tons), Finland (X tons), Austria (X tons) and Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maleic anhydride importing markets in Europe were Italy ($X), France ($X) and the Netherlands ($X), together comprising 40% of total imports. Germany, Spain, the UK, Poland, Belgium, Denmark, Finland, Russia, Austria and Slovenia lagged somewhat behind, together accounting for a further 53%.

In terms of the main importing countries, Spain, with a CAGR of +15.6%, recorded the highest growth rate of the value of imports, 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, jumping by 61% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Denmark ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform