Europe: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Europe

The Europe saturated acyclic hydrocarbons market expanded sharply to $X in 2022, increasing by 8.2% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Saturated Acyclic Hydrocarbons Production in Europe

In value terms, saturated acyclic hydrocarbons production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 22%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports in Europe

In 2022, overseas shipments of saturated acyclic hydrocarbons were finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of 56%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons exports rose to $X in 2022. Overall, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was approx. 69% of total exports in 2022. Poland (X tons) held the second position in the ranking, followed by Belarus (X tons) and Germany (X tons). All these countries together took approx. 16% share of total exports. Belgium (X tons), the Netherlands (X tons) and Italy (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of -4.5% from 2012 to 2022. At the same time, Poland (+49.7%), Belarus (+20.8%), Italy (+16.8%), Belgium (+10.6%), Germany (+5.4%) and the Netherlands (+1.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +49.7% from 2012-2022. Poland (+5.9 p.p.), Belarus (+4.5 p.p.), Belgium (+2.7 p.p.), Germany (+2.7 p.p.) and Italy (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -17.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest saturated acyclic hydrocarbons supplier in Europe, comprising 41% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by Poland, with a 9.1% share.

In Russia, saturated acyclic hydrocarbons exports declined by an average annual rate of -11.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+4.1% per year) and Poland (+41.3% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, which is down by -3% against the previous year. Over the period under review, the export price saw a pronounced slump. The growth pace was the most rapid in 2021 when the export price increased by 44% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($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 Netherlands (+1.1%), while the other leaders experienced a decline in the export price figures.

Saturated Acyclic Hydrocarbons Imports

Imports in Europe

In 2022, supplies from abroad of saturated acyclic hydrocarbons increased by 8.2% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +39.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons imports surged to $X in 2022. Over the period under review, imports saw a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The UK (X tons), Sweden (X tons), Norway (X tons), Finland (X tons), Poland (X tons) and Belgium (X tons) represented roughly 83% of total imports in 2022. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +73.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the UK ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022, with a combined 51% share of total imports.

The UK, with a CAGR of +50.1%, 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, surging by 23% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform