Poland: Adipic Acid Market 2024

Adipic Acid Market Size in Poland

The Polish adipic acid market surged to $X in 2022, with an increase of 16% against the previous year. Overall, consumption enjoyed resilient growth. Adipic acid consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Adipic Acid Production in Poland

In value terms, adipic acid production surged to $X in 2022 estimated in export price. In general, production posted a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 87% against the previous year. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Adipic Acid Exports

Exports from Poland

In 2022, the amount of adipic acid, its salts and esters exported from Poland surged to X tons, growing by 42% on the previous year's figure. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2018 with an increase of 98% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, adipic acid exports soared to $X in 2022. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2018 when exports increased by 129%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for adipic acid exports from Poland, with a 30% share of total exports. Moreover, adipic acid exports to Russia exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by Ukraine (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+358.2% per year) and Ukraine (+33.4% per year).

In value terms, the largest markets for adipic acid exported from Poland were Russia ($X), Belgium ($X) and Ukraine ($X), with a combined 54% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of +581.1%, saw 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 adipic acid export price stood at $X per ton in 2022, increasing by 19% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adipic acid export price increased by +76.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 48%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Ukraine ($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 Belgium (+48.6%), while the prices for the other major destinations experienced more modest paces of growth.

Adipic Acid Imports

Imports into Poland

For the eleventh year in a row, Poland recorded growth in supplies from abroad of adipic acid, its salts and esters, which increased by 0.7% to X tons in 2022. Overall, imports recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 19%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, adipic acid imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 88% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of adipic acid imports to Poland, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +254.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest adipic acid suppliers to Poland, together accounting for 83% of total imports.

In terms of the main suppliers, China, with a CAGR of +239.7%, 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 adipic acid import price stood at $X per ton in 2022, rising by 20% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adipic acid import price increased by +101.8% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 69% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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