Germany: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Germany

The German ethyl acetate market soared to $X in 2021, with an increase of 47% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ethyl Acetate Production in Germany

In value terms, ethyl acetate production soared to $X in 2021 estimated in export price. In general, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2015 when the production volume increased by 85% against the previous year. Ethyl acetate production peaked in 2021 and is likely to see steady growth in the immediate term.

Ethyl Acetate Exports

Exports from Germany

In 2021, approx. X tons of ethyl acetate were exported from Germany; remaining stable against 2020 figures. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 34% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, ethyl acetate exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Austria (X tons) and Italy (X tons) were the main destinations of ethyl acetate exports from Germany, together comprising 50% of total exports. The Netherlands, France, Switzerland, Belgium and Luxembourg lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethyl acetate exported from Germany were Austria ($X), Poland ($X) and France ($X), together accounting for 39% of total exports. Italy, Switzerland, the Netherlands, Belgium and Luxembourg lagged somewhat behind, together comprising a further 33%.

The Netherlands, with a CAGR of +23.7%, recorded the highest growth rate of the value of exports, in terms of 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 ethyl acetate export price stood at $X per ton in 2021, rising by 58% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 France (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethyl Acetate Imports

Imports into Germany

Ethyl acetate imports into Germany reached X tons in 2021, with an increase of 2.2% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 6.1% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, ethyl acetate imports soared to $X in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. 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 ethyl acetate supplier to Germany, accounting for a 66% share of total imports. Moreover, ethyl acetate imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.8% per year) and Saudi Arabia (+75.5% per year).

In value terms, Belgium ($X) constituted the largest supplier of ethyl acetate to Germany, comprising 67% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total imports. It was followed by Sweden, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.6% per year) and Sweden (+11.5% per year).

Import Prices by Country

In 2021, the average ethyl acetate import price amounted to $X per ton, rising by 78% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price 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, 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 Mexico ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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