Poland: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Poland

The Polish industrial stearic acid market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, recorded a pronounced decrease. Industrial stearic acid consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Industrial Stearic Acid Production in Poland

In value terms, industrial stearic acid production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant decline. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Stearic Acid Exports

Exports from Poland

In 2021, after two years of decline, there was significant growth in shipments abroad of industrial stearic acid, when their volume increased by 43% to X tons. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 118%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial stearic acid exports surged to $X in 2021. Over the period under review, exports saw a resilient increase. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Austria (X tons) and Ukraine (X tons) were the main destinations of industrial stearic acid exports from Poland, together comprising 68% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +106.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) appeared to be the largest markets for industrial stearic acid exported from Poland worldwide, with a combined 67% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +68.9%, recorded 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 industrial stearic acid export price stood at $X per ton in 2021, increasing by 48% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Ukraine ($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 the Netherlands (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into Poland

In 2021, imports of industrial stearic acid into Poland skyrocketed to X tons, increasing by 25% against the year before. In general, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, industrial stearic acid imports surged to $X in 2021. Overall, imports showed moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Sweden (X tons) and Belgium (X tons) were the main suppliers of industrial stearic acid imports to Poland, with a combined 67% 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 the Netherlands (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Belgium ($X) were the largest industrial stearic acid suppliers to Poland, together accounting for 64% of total imports.

The Netherlands, with a CAGR of +29.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial stearic acid import price stood at $X per ton in 2021, growing by 40% against the previous year. In general, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial stearic acid import price increased by +62.7% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and the Czech Republic ($X per ton), while the price for the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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