Luxembourg: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Luxembourg

In 2021, the Luxembourg market for lauric acid and other acids, their salts and esters decreased by -7.1% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Luxembourg

In value terms, production of lauric acid and other acids, their salts and esters expanded to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Luxembourg

For the fourth consecutive year, Luxembourg recorded decline in overseas shipments of lauric acid and other acids, their salts and esters, which decreased by 0% to X kg in 2021. Overall, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2017 with an increase of 26,310% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters totaled $X in 2021. Over the period under review, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2017 when exports increased by 23,310%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for exports of lauric acid and other acids, their salts and esters from Luxembourg, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price posted a modest increase. The most prominent rate of growth was recorded in 2013 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Iran amounted to -14.6% per year.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Luxembourg

In 2021, after two years of growth, there was significant decline in purchases abroad of lauric acid and other acids, their salts and esters, when their volume decreased by -41.1% to X tons. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 69%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then declined rapidly in the following year.

In value terms, imports of lauric acid and other acids, their salts and esters declined dramatically to $X in 2021. Overall, imports, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 57% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020, and then contracted remarkably in the following year.

Imports by Country

In 2021, Belgium (X tons) constituted the largest lauric acid and other acids, their salts and esters supplier to Luxembourg, accounting for a 74% share of total imports. Moreover, imports of lauric acid and other acids, their salts and esters from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.2% per year) and Germany (-7.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Luxembourg, comprising 67% of total imports. The second position in the ranking was taken by France ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.4% per year) and Germany (-17.2% per year).

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, surging by 7.8% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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