Netherlands: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in the Netherlands

The Dutch carboxylic acid market surged to $X in 2021, with an increase of 66% against the previous year. Overall, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Carboxylic Acid Production in the Netherlands

In value terms, carboxylic acid production rose sharply to $X in 2021 estimated in export price. In general, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 134%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Carboxylic Acid Exports

Exports from the Netherlands

In 2021, the amount of carboxylic acid with alcohol, phenol, aldehyde or ketone functions exported from the Netherlands contracted to X tons, falling by -1.5% against 2020 figures. The total export volume increased at an average annual rate of +4.6% 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 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, carboxylic acid exports rose notably to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons), Germany (X tons) and South Korea (X tons) were the main destinations of carboxylic acid exports from the Netherlands, with a combined 45% share of total exports. These countries were followed by France, the United States, Poland, China, Spain, Japan, the UK, Russia and Sweden, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +23.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carboxylic acid exported from the Netherlands were Germany ($X), Belgium ($X) and France ($X), with a combined 34% share of total exports.

France, with a CAGR of +25.1%, saw 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

In 2021, the average carboxylic acid export price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Belgium ($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 Sweden (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Carboxylic Acid Imports

Imports into the Netherlands

In 2021, overseas purchases of carboxylic acid with alcohol, phenol, aldehyde or ketone functions increased by 9.4% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, carboxylic acid imports soared to $X in 2021. Overall, total imports indicated moderate growth 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 +69.5% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and China (X tons) were the main suppliers of carboxylic acid imports to the Netherlands, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Belgium ($X) constituted the largest carboxylic acid suppliers to the Netherlands, with a combined 53% share of total imports.

Among the main suppliers, China, with a CAGR of +13.4%, 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 carboxylic acid import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carboxylic acid import price decreased by -12.6% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 57%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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