Europe: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Europe

The Europe acrylic acid esters market fell rapidly to $X in 2023, declining by X% against the previous year. Overall, consumption enjoyed tangible growth. 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 Europe

In value terms, acrylic acid esters production fell to $X in 2023 estimated in export price. Over the period under review, production saw a measured increase. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2022, and then contracted in the following year.

Acrylic Acid Esters Exports

Exports in Europe

In 2023, shipments abroad 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 perceptible 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 most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, acrylic acid esters exports dropped rapidly to $X in 2023. Overall, exports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced sharply in the following year.

Exports by Country

Belgium (X tons) and Germany (X tons) represented roughly X% of total exports in 2023. It was distantly followed by France (X tons), Russia (X tons) and the Czech Republic (X tons), together comprising a X% share of total exports. The Netherlands (X tons) held a minor share of total exports.

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

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. Russia, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Russia, with a CAGR of X%, recorded the highest growth rate of 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 export price in Europe stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted remarkably 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 mixed trends in the export price figures.

Acrylic Acid Esters Imports

Imports in Europe

In 2023, overseas purchases of esters of acrylic acid decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted notable growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, acrylic acid esters imports reduced markedly to $X in 2023. Over the period under review, imports, however, saw perceptible growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Belgium was the key importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Germany (X tons), Italy (X tons), the Netherlands (X tons), France (X tons), Spain (X tons), Switzerland (X tons) and the UK (X tons), together generating a X% share of total imports.

Belgium was also the fastest-growing in terms of the esters of acrylic acid imports, with a CAGR of X% from 2012 to 2023. At the same time, the Netherlands (X%), Italy (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Switzerland experienced a relatively flat trend pattern. By contrast, the UK (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium and Italy increased by X and X percentage points, 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 Europe were Belgium ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Belgium ($X per ton) was 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