Poland: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in Poland

The Polish monocarboxylic acid market contracted sharply to $X in 2022, waning by -88.3% against the previous year. In general, consumption continues to indicate a abrupt slump. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Monocarboxylic Acid Production in Poland

In value terms, monocarboxylic acid production reduced slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 141% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Monocarboxylic Acid Exports

Exports from Poland

After five years of growth, shipments abroad of acrylic acid and its salts and other monocarboxylic acid decreased by -12.4% to X tons in 2022. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 108%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, monocarboxylic acid exports reduced to $X in 2022. In general, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 60%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The Netherlands (X tons), Japan (X tons) and Germany (X tons) were the main destinations of monocarboxylic acid exports from Poland, with a combined 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +151.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for monocarboxylic acid exported from Poland were Italy ($X), Japan ($X) and Germany ($X), together accounting for 47% of total exports. The Netherlands, Hungary, Romania, the Czech Republic, Lithuania, Finland, Croatia, Switzerland, Latvia and Ukraine lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +114.2%, recorded the highest growth rate of 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

In 2022, the average monocarboxylic acid export price amounted to $X per ton, with an increase of 7.8% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid export price increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Monocarboxylic Acid Imports

Imports into Poland

Monocarboxylic acid imports into Poland amounted to X tons in 2022, surging by 7.8% on the year before. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 127%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, monocarboxylic acid imports rose modestly to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 49%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of monocarboxylic acid to Poland, accounting for a 54% share of total imports. Moreover, monocarboxylic acid imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.5% per year) and Italy (+20.3% per year).

In value terms, China ($X) constituted the largest supplier of acrylic acid and its salts and other monocarboxylic acid to Poland, comprising 55% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.8% per year) and Germany (-1.3% per year).

Import Prices by Country

In 2022, the average monocarboxylic acid import price amounted to $X per ton, dropping by -3.1% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monocarboxylic acid import price increased by +16.2% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 31%. The import price peaked at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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