Czech Republic: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in the Czech Republic

After three years of growth, the Czech industrial stearic acid market decreased by X% to $X in 2023. Overall, consumption, however, enjoyed moderate growth. Industrial stearic acid consumption peaked at $X in 2022, and then reduced notably in the following year.

Industrial Stearic Acid Production in the Czech Republic

In value terms, industrial stearic acid production fell to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2022 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Industrial Stearic Acid Exports

Exports from the Czech Republic

For the fifth consecutive year, the Czech Republic recorded decline in overseas shipments of industrial stearic acid, which decreased by X% to X tons in 2023. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial stearic acid exports shrank remarkably to $X in 2023. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Hungary (X tons) and Serbia (X tons) were the main destinations of industrial stearic acid exports from the Czech Republic, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Poland ($X), Hungary ($X) and Slovakia ($X) appeared to be the largest markets for industrial stearic acid exported from the Czech Republic worldwide, with a combined X% share of total exports. Serbia and Romania lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average industrial stearic acid export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then fell in the following year.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Slovakia ($X per ton), while the average price for exports to Serbia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Stearic Acid Imports

Imports into the Czech Republic

In 2023, purchases abroad of industrial stearic acid decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, industrial stearic acid imports plummeted to $X in 2023. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced sharply in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of industrial stearic acid imports to the Czech Republic, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Sweden ($X) were the largest industrial stearic acid suppliers to the Czech Republic, together accounting for X% of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 industrial stearic acid import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, showed a measured increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform