Netherlands: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in the Netherlands

In 2021, the Dutch ethyl acetate market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a moderate expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Ethyl Acetate Production in the Netherlands

In value terms, ethyl acetate production rose rapidly to $X in 2021 estimated in export price. In general, production continues to indicate pronounced growth. The growth pace was the most rapid in 2013 with an increase of 546% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Ethyl Acetate Exports

Exports from the Netherlands

In 2021, shipments abroad of ethyl acetate increased by 47% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 97%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ethyl acetate exports skyrocketed to $X in 2021. In general, exports continue to indicate a pronounced expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main destinations of ethyl acetate exports from the Netherlands, with a combined 83% share of total exports. Sweden, Belgium, Poland and the Czech Republic lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +27.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethyl acetate exported from the Netherlands were Germany ($X), Italy ($X) and France ($X), together accounting for 83% of total exports. Belgium, Sweden, Poland and the Czech Republic lagged somewhat behind, together comprising a further 11%.

The Czech Republic, with a CAGR of +28.3%, 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 ethyl acetate export price amounted to $X per ton, picking up by 69% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Belgium ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Sweden ($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 Poland (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ethyl Acetate Imports

Imports into the Netherlands

In 2021, purchases abroad of ethyl acetate increased by 66% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 90% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ethyl acetate imports soared to $X in 2021. Over the period under review, imports enjoyed a perceptible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest ethyl acetate supplier to the Netherlands, accounting for a 58% share of total imports. Moreover, ethyl acetate imports from the UK exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.9% per year) and Turkey (+99.2% per year).

In value terms, the largest ethyl acetate suppliers to the Netherlands were the UK ($X), Belgium ($X) and Turkey ($X), together comprising 91% of total imports.

Turkey, with a CAGR of +107.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ethyl acetate import price amounted to $X per ton, growing by 54% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($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 (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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