France: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in France

The French carboxylic acid market declined slightly to $X in 2021, with a decrease of -4.7% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Carboxylic Acid Production in France

In value terms, carboxylic acid production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Carboxylic Acid Exports

Exports from France

For the third consecutive year, France recorded growth in overseas shipments of carboxylic acid with alcohol, phenol, aldehyde or ketone functions, which increased by 8.1% to X tons in 2021. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2019 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, carboxylic acid exports surged to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Spain (X tons) were the main destinations of carboxylic acid exports from France, with a combined 49% share of total exports. These countries were followed by Italy, the UK, the Netherlands, Belgium, Poland, Switzerland, Mexico, Sweden, Japan and Brazil, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +26.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carboxylic acid exported from France were the United States ($X), Spain ($X) and Italy ($X), with a combined 44% share of total exports. Germany, Switzerland, the UK, Belgium, the Netherlands, Sweden, Poland, Japan, Mexico and Brazil lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Poland, with a CAGR of +10.9%, recorded 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 2021, the average carboxylic acid export price amounted to $X per ton, rising by 13% against the previous year. In general, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in 2018 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.1%), while the prices for the other major destinations experienced a decline.

Carboxylic Acid Imports

Imports into France

In 2021, imports of carboxylic acid with alcohol, phenol, aldehyde or ketone functions into France amounted to X tons, growing by 9.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, carboxylic acid imports surged to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 +64.8% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 47% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and Belgium (X tons) were the main suppliers of carboxylic acid imports to France, with a combined 45% share of total imports. The Netherlands, Italy, Spain, the United States, Switzerland, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid suppliers to France were China ($X), India ($X) and Germany ($X), together accounting for 53% of total imports.

Among the main suppliers, India, with a CAGR of +19.9%, 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 average carboxylic acid import price amounted to $X per ton, growing by 9.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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