EU: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in the EU

The EU acrylic acid esters market contracted to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Acrylic Acid Esters Production in the EU

In value terms, acrylic acid esters production fell to $X in 2023 estimated in export price. Overall, production posted a moderate expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2022, and then declined in the following year.

Acrylic Acid Esters Exports

Exports in the EU

In 2023, overseas shipments of esters of acrylic acid decreased by X% to X tons, falling for the second year in a row after three years of growth. Total exports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, acrylic acid esters exports contracted sharply to $X in 2023. Over the period under review, exports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined rapidly in the following year.

Exports by Country

Belgium (X tons) and Germany (X tons) represented the largest exporters of esters of acrylic acid in 2023, reaching approx. X% and X% of total exports, respectively. France (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%). The Netherlands (X tons) followed a long way behind the leaders.

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

In value terms, the largest acrylic acid esters supplying countries in the European Union were Belgium ($X), Germany ($X) and France ($X), together accounting for X% of total exports.

Among the main exporting countries, Belgium, with a CAGR of X%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the export price figures.

Acrylic Acid Esters Imports

Imports in the EU

In 2023, overseas purchases of esters of acrylic acid decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, acrylic acid esters imports contracted rapidly to $X in 2023. In general, imports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Belgium represented the largest importer of esters of acrylic acid in the European Union, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), the Netherlands (X%), France (X%) and Spain (X%). Sweden (X tons) and Slovenia (X tons) took a little share of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Slovenia (X%), the Netherlands (X%), Italy (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Sweden experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. Belgium (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while Sweden, Spain, Germany and France saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest acrylic acid esters importing markets in the European Union were Belgium ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Italy, France, Spain, Sweden and Slovenia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Slovenia, with a CAGR of X%, saw 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 import price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the Netherlands ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform