France: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in France

For the third consecutive year, the French industrial stearic acid market recorded growth in sales value, which increased by 1% to $X in 2021. The market value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Industrial stearic acid consumption peaked in 2021 and is likely to see steady growth in years to come.

Industrial Stearic Acid Production in France

In value terms, industrial stearic acid production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 43%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Industrial Stearic Acid Exports

Exports from France

In 2021, overseas shipments of industrial stearic acid increased by 8.2% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 188%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, industrial stearic acid exports reached $X in 2021. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 241% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for industrial stearic acid exports from France, accounting for a 29% share of total exports. Moreover, industrial stearic acid exports to Belgium exceeded the volume sent to the second major destination, the UK (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+92.3% per year) and Italy (+27.6% per year).

In value terms, the largest markets for industrial stearic acid exported from France were Belgium ($X), Italy ($X) and the UK ($X), together comprising 40% of total exports. The United States, India, Germany, Spain, China, the Netherlands, Turkey, Ireland and Mexico lagged somewhat behind, together comprising a further 42%.

Among the main countries of destination, China, with a CAGR of +190.2%, 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

The average industrial stearic acid export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($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 Ireland (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into France

In 2021, supplies from abroad of industrial stearic acid was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 20%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, industrial stearic acid imports skyrocketed to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of industrial stearic acid imports to France, together comprising 58% of total imports. Indonesia, Spain, Malaysia, Italy and Sweden lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) appeared to be the largest industrial stearic acid suppliers to France, with a combined 56% share of total imports. These countries were followed by Malaysia, Indonesia, Spain, Italy and Sweden, which together accounted for a further 40%.

In terms of the main suppliers, Indonesia, with a CAGR of +31.3%, 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

The average industrial stearic acid import price stood at $X per ton in 2021, growing by 35% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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