Europe: Ethylene Oxide Market 2025

Ethylene Oxide Market Size in Europe

The Europe ethylene oxide market declined to $X in 2022, shrinking by -4.3% against the previous year. Over the period under review, consumption saw a slight reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ethylene Oxide Production in Europe

In value terms, ethylene oxide production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 22%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Ethylene Oxide Exports

Exports in Europe

In 2022, after two years of growth, there was decline in shipments abroad of oxirane (ethylene oxide), when their volume decreased by -3.6% to X tons. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 11% against the previous year. The volume of export peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, ethylene oxide exports rose remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Germany (X tons) represented the main exporter of oxirane (ethylene oxide), making up 46% of total exports. The Netherlands (X tons) took the second position in the ranking, distantly followed by Belgium (X tons) and Russia (X tons). All these countries together took near 53% share of total exports. Spain (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 Belgium (with a CAGR of +6.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 95% of total exports.

Belgium, with a CAGR of +5.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of 9.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the other leaders experienced a decline in the export price figures.

Ethylene Oxide Imports

Imports in Europe

After two years of growth, supplies from abroad of oxirane (ethylene oxide) decreased by -9.8% to X tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 14%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, ethylene oxide imports contracted modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) represented roughly 71% of total imports in 2022. It was distantly followed by France (X tons) and Slovakia (X tons), together constituting an 11% share of total imports. The following importers - the UK (X tons) and Poland (X tons) - together made up 7.1% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +5.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, with a combined 68% share of total imports. France, the UK, Slovakia and Poland lagged somewhat behind, together comprising a further 20%.

In terms of the main importing countries, Poland, with a CAGR of +4.1%, saw the highest rates of growth with regard to 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

The import price in Europe stood at $X per ton in 2022, growing by 11% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 24%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform