Germany: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Germany

The German market for palmitic acid, stearic acid, their salts and esters soared to $X in 2021, picking up by 39% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Palmitic Acid, Stearic Acid, Their Salts And Esters in Germany

In value terms, production of palmitic acid, stearic acid, their salts and esters surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Germany

In 2021, overseas shipments of palmitic acid, stearic acid, their salts and esters were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 28%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, 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

Italy (X tons), Poland (X tons) and France (X tons) were the main destinations of exports of palmitic acid, stearic acid, their salts and esters from Germany, with a combined 32% share of total exports. These countries were followed by Finland, Spain, Belgium, the Netherlands, the UK, China, Denmark, the Czech Republic, Ukraine and Austria, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +28.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for palmitic acid, stearic acid, their salts and esters exported from Germany were Italy ($X), Poland ($X) and France ($X), together accounting for 28% of total exports. Spain, China, Finland, Belgium, the Netherlands, the UK, the Czech Republic, Austria, Denmark and Ukraine lagged somewhat behind, together comprising a further 46%.

In terms of the main countries of destination, China, with a CAGR of +23.1%, recorded the highest rates of growth with regard to 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 export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Ukraine ($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 Belgium (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Germany

In 2021, purchases abroad of palmitic acid, stearic acid, their salts and esters increased by 38% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern 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.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Indonesia (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Germany, with a combined 55% share of total imports. These countries were followed by Belgium, Spain, Malaysia, India, Austria, Turkey, Sweden and France, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and the Netherlands ($X) constituted the largest palmitic acid, stearic acid, their salts and esters suppliers to Germany, together accounting for 53% of total imports. These countries were followed by Spain, Indonesia, France, Malaysia, India, Austria, Turkey and Sweden, which together accounted for a further 40%.

Among the main suppliers, India, with a CAGR of +23.1%, saw the highest rates of growth with regard to 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 import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, with an increase of 25% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained 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 France ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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