Germany: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Germany

In 2021, the German industrial stearic acid market increased by 41% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, saw a noticeable setback. Industrial stearic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Industrial Stearic Acid Production in Germany

In value terms, industrial stearic acid production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Industrial Stearic Acid Exports

Exports from Germany

In 2021, overseas shipments of industrial stearic acid decreased by -1.4% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 14%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, industrial stearic acid exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), Italy (X tons) and the UK (X tons) were the main destinations of industrial stearic acid exports from Germany, together accounting for 36% of total exports. These countries were followed by the Czech Republic, France, the Netherlands, Slovakia, Spain, Poland, Sweden, Austria and Russia, which together accounted for a further 53%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +33.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and the UK ($X) were the largest markets for industrial stearic acid exported from Germany worldwide, together comprising 34% of total exports. France, the Czech Republic, the Netherlands, Slovakia, Spain, Poland, Sweden, Austria and Russia lagged somewhat behind, together accounting for a further 50%.

Slovakia, with a CAGR of +31.6%, saw 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

In 2021, the average industrial stearic acid export price amounted to $X per ton, jumping by 46% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Austria ($X per ton) and Italy ($X per ton), while the average price for exports to Slovakia ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into Germany

In 2021, overseas purchases of industrial stearic acid increased by 7.3% to X tons, rising for the third year in a row after six years of decline. Overall, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2020 when imports increased by 9.5% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, industrial stearic acid imports surged to $X in 2021. In general, imports, however, saw a mild shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of industrial stearic acid to Germany, with a 51% share of total imports. Moreover, industrial stearic acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by Sweden (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.8% per year) and Sweden (+2.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of industrial stearic acid to Germany, comprising 50% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.4% per year) and Sweden (+2.2% per year).

Import Prices by Country

In 2021, the average industrial stearic acid import price amounted to $X per ton, picking up by 44% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Italy ($X per ton) and Malaysia ($X per ton), while the price for Sweden ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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