Poland: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Poland

After two years of decline, the Polish ethyl acetate market increased by 23% to $X in 2021. Over the period under review, consumption, however, continues to indicate noticeable growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Ethyl Acetate Exports

Exports from Poland

In 2021, overseas shipments of ethyl acetate were finally on the rise to reach X tons after four years of decline. In general, exports, however, showed a pronounced reduction. The growth pace was the most rapid in 2016 with an increase of 126%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, ethyl acetate exports surged to $X in 2021. Over the period under review, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.8% against 2019 indices. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Ukraine (X tons) and Lithuania (X tons) were the main destinations of ethyl acetate exports from Poland, with a combined 59% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +19.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the largest markets for ethyl acetate exported from Poland worldwide, together comprising 59% of total exports. Ukraine, Senegal, Lithuania, Georgia, Latvia and Slovakia lagged somewhat behind, together comprising a further 34%.

Senegal, with a CAGR of +41.3%, recorded 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, growing by 22% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Slovakia ($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 Senegal (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ethyl Acetate Imports

Imports into Poland

In 2021, approx. X tons of ethyl acetate were imported into Poland; with a decrease of -12.9% against the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 91%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ethyl acetate imports soared to $X in 2021. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 117% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Ukraine (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of ethyl acetate imports to Poland, with a combined 78% share of total imports. The Netherlands, Turkey, Estonia and the UK lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +1,851.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethyl acetate suppliers to Poland were Ukraine ($X), Belgium ($X) and Germany ($X), together comprising 79% of total imports. These countries were followed by the Netherlands, Turkey, Estonia and the UK, which together accounted for a further 17%.

Turkey, with a CAGR of +1,845.1%, 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, jumping by 79% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.4% 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.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Ukraine ($X per ton) and Turkey ($X per ton), while the price for the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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