Europe: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Europe

In 2022, the Europe salts of acetic acid market increased by 26% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Salts Of Acetic Acid in Europe

In value terms, salts of acetic acid production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Exports of Salts Of Acetic Acid

Exports in Europe

Salts of acetic acid exports reduced notably to X tons in 2022, with a decrease of -19% against the year before. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 46% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell sharply in the following year.

In value terms, salts of acetic acid exports fell slightly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.4% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

The Netherlands represented the key exporter of salts of acetic acid in Europe, with the volume of exports recording X tons, which was near 44% of total exports in 2022. Germany (X tons) ranks second in terms of the total exports with an 18% share, followed by France (8.1%), Belgium (8%) and the UK (7.2%). Slovenia (X tons) and Croatia (X tons) held a little share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of salts of acetic acid. At the same time, Croatia (+119.5%) and Slovenia (+5.5%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +119.5% from 2012-2022. Germany and the UK experienced a relatively flat trend pattern. By contrast, Belgium (-3.0%) and France (-6.6%) illustrated a downward trend over the same period. The Netherlands (+3.4 p.p.), Croatia (+3.2 p.p.) and Slovenia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Belgium and France saw its share reduced by -2.5% and -7.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and the UK ($X) were the countries with the highest levels of exports in 2022, together accounting for 77% of total exports. Belgium, France, Croatia and Slovenia lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, Croatia, with a CAGR of +96.6%, 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

In 2022, the export price in Europe amounted to $X per ton, rising by 22% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts of acetic acid export price increased by +81.8% against 2015 indices. As a result, the export price attained 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 ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.7%), while the other leaders experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports in Europe

In 2022, overseas purchases of salts of acetic acid increased by 13% to X tons, rising for the seventh year in a row after two years of decline. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 16%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, salts of acetic acid imports soared to $X in 2022. Over the period under review, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), France (X tons), Spain (X tons), Italy (X tons), Belgium (X tons), Russia (X tons) and Poland (X tons) represented the major importers of salts of acetic acid, together generating 75% of total imports. The Czech Republic (X tons), the UK (X tons), Austria (X tons) and Switzerland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salts of acetic acid importing markets in Europe were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 39% of total imports.

The Netherlands, with a CAGR of +15.2%, saw the highest growth rate of the value of imports, among 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, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform