Germany: Acetic Acid Market 2024

Acetic Acid Market Size in Germany

In 2021, the German acetic acid market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Acetic Acid Production in Germany

In value terms, acetic acid production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 337%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Acetic Acid Exports

Exports from Germany

In 2021, shipments abroad of acetic acid increased by 5.2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +15.1% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, acetic acid exports skyrocketed to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +29.1% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Belgium (X tons) and Denmark (X tons) were the main destinations of acetic acid exports from Germany, with a combined 54% share of total exports. These countries were followed by Poland, France, the Czech Republic, Switzerland, Austria, the UK, the Netherlands, Taiwan (Chinese) and Finland, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acetic acid exported from Germany were Belgium ($X), Italy ($X) and Switzerland ($X), together comprising 37% of total exports. These countries were followed by Denmark, France, Austria, Poland, Taiwan (Chinese), the Czech Republic, the UK, the Netherlands and Finland, which together accounted for a further 39%.

In terms of the main countries of destination, Finland, with a CAGR of +71.2%, 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

In 2021, the average acetic acid export price amounted to $X per ton, growing by 32% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. 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 destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Poland ($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 Austria (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Germany

In 2021, approx. X tons of acetic acid were imported into Germany; declining by -5.7% on the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, acetic acid imports skyrocketed to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest acetic acid supplier to Germany, with a 73% share of total imports. Moreover, acetic acid imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.7% per year) and France (+7.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of acetic acid to Germany, comprising 68% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports. It was followed by France, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+39.6% per year) and France (+8.7% per year).

Import Prices by Country

In 2021, the average acetic acid import price amounted to $X per ton, rising by 53% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import 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 importers, the country with the highest price was Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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