Germany: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Germany

The German acrylic acid esters market stood at $X in 2022, increasing by 7.6% against the previous year. Overall, consumption posted a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Acrylic Acid Esters Production in Germany

In value terms, acrylic acid esters production expanded markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of 77% against the previous year. Acrylic acid esters production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Acrylic Acid Esters Exports

Exports from Germany

In 2022, the amount of esters of acrylic acid exported from Germany expanded markedly to X tons, increasing by 6.5% compared with 2021 figures. Overall, exports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 9.7% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, acrylic acid esters exports soared to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for acrylic acid esters exports from Germany, accounting for a 34% share of total exports. Moreover, acrylic acid esters exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.8% per year) and France (-3.2% per year).

In value terms, the largest markets for acrylic acid esters exported from Germany were Belgium ($X), Italy ($X) and Spain ($X), with a combined 55% share of total exports. France, Switzerland, the Netherlands and Sweden lagged somewhat behind, together comprising a further 31%.

The Netherlands, with a CAGR of +11.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acrylic acid esters export price stood at $X per ton in 2022, with an increase of 9.1% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters export price increased by +89.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Spain ($X per ton), while the average price for exports to Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into Germany

In 2022, approx. X tons of esters of acrylic acid were imported into Germany; shrinking by -22.5% against 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +35.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of X tons, and then shrank notably in the following year.

In value terms, acrylic acid esters imports declined to $X in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 162%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Belgium (X tons), France (X tons) and the Czech Republic (X tons) were the main suppliers of acrylic acid esters imports to Germany, together accounting for 55% of total imports. Switzerland, the Netherlands, China, Japan, the United States and South Korea lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +63.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic acid esters suppliers to Germany were Belgium ($X), France ($X) and China ($X), with a combined 53% share of total imports. The Netherlands, the Czech Republic, Switzerland, Japan, South Korea and the United States lagged somewhat behind, together accounting for a further 41%.

Switzerland, with a CAGR of +38.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, with an increase of 14% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, acrylic acid esters import price increased by +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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