Europe: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Europe

In 2021, the Europe market for palmitic acid, stearic acid, their salts and esters was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a mild slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Europe

In value terms, production of palmitic acid, stearic acid, their salts and esters surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible shrinkage. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports in Europe

In 2021, shipments abroad of palmitic acid, stearic acid, their salts and esters was finally on the rise to reach X tons after three years of decline. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of palmitic acid, stearic acid, their salts and esters surged to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy was the largest exporting country with an export of about X tons, which recorded 36% of total exports. Germany (X tons) took the second position in the ranking, followed by Spain (X tons), Belgium (X tons) and the Netherlands (X tons). All these countries together held approx. 50% share of total exports. The following exporters - the UK (X tons) and Sweden (X tons) - each recorded a 6.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to palmitic acid, stearic acid, their salts and esters exports from Italy stood at +2.6%. At the same time, Germany (+4.3%), the Netherlands (+2.6%) and Belgium (+2.6%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in Europe, with a CAGR of +4.3% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Spain (-2.4%) and Sweden (-7.7%) illustrated a downward trend over the same period. While the share of Italy (+5 p.p.), Germany (+4.2 p.p.) and Belgium (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-4.2 p.p.) and Spain (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest palmitic acid, stearic acid, their salts and esters supplier in Europe, comprising 33% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by Spain, with a 13% share.

In Italy, exports of palmitic acid, stearic acid, their salts and esters expanded at an average annual rate of +3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+3.3% per year) and Spain (+0.3% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, jumping by 23% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Sweden ($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 (+3.1%), while the other leaders experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports in Europe

In 2021, overseas purchases of palmitic acid, stearic acid, their salts and esters increased by 22% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) and the Netherlands (X tons) were the largest importers of palmitic acid, stearic acid, their salts and esters in Europe, together amounting to approx. 31% of total imports. It was followed by France (X tons), Spain (X tons), Italy (X tons), Belgium (X tons), Sweden (X tons), Russia (X tons) and the UK (X tons), together comprising a 47% share of total imports. Austria (X tons), Poland (X tons), Finland (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters importing markets in Europe were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 38% of total imports. These countries were followed by Spain, Belgium, Italy, the UK, Russia, Sweden, Poland, Austria, the Czech Republic and Finland, which together accounted for a further 50%.

Among the main importing countries, Finland, with a CAGR of +13.8%, saw 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 21% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Sweden ($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 (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform