Austria - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in Austria - 2023
Contents:
- Industrial Stearic Acid Price in Austria (CIF) - 2023
- Industrial Stearic Acid Price in Austria (FOB) - 2022
- Industrial Stearic Acid Imports in Austria
- Industrial Stearic Acid Exports in Austria
Industrial Stearic Acid Price in Austria (CIF) - 2023
In May 2023, the average industrial stearic acid import price amounted to $1,857 per ton, declining by -6.7% against the previous month. Over the period under review, the import price recorded a slight decline. The most prominent rate of growth was recorded in March 2023 an increase of 22% against the previous month. The import price peaked at $2,228 per ton in May 2022; however, from June 2022 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($6,157 per ton), while the price for China ($1,490 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Stearic Acid Price in Austria (FOB) - 2022
In 2022, the average industrial stearic acid export price amounted to $2,959 per ton, with an increase of 31% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial stearic acid export price increased by +107.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($4,018 per ton), while the average price for exports to Bulgaria ($874 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Stearic Acid Imports in Austria
In 2022, approx. 4.5K tons of industrial stearic acid were imported into Austria; which is down by -17.9% against 2021 figures. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 2.3% against the previous year.
In value terms, industrial stearic acid imports soared to $10M in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Industrial Stearic Acid in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.7 | 2.7 | 3.9 | 4.0 | 33.0% |
| Netherlands | 0.6 | 0.7 | 0.8 | 2.7 | 65.1% |
| Italy | 1.9 | 1.3 | 2.4 | 2.2 | 5.0% |
| Poland | N/A | N/A | 0.3 | 0.8 | 166.7% |
| Indonesia | 0.3 | N/A | 0.2 | 0.2 | -12.6% |
| Belgium | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Total | 5.1 | 5.1 | 7.9 | 10.1 | 25.6% |
Top Suppliers of Industrial Stearic Acid to Austria in 2022:
- Germany (1718.2 tons)
- Netherlands (1271.9 tons)
- Italy (1037.4 tons)
- Poland (304.6 tons)
- Belgium (76.7 tons)
- Indonesia (72.6 tons)
Industrial Stearic Acid Exports in Austria
In 2022, approx. 148 tons of industrial stearic acid were exported from Austria; with an increase of 13% on 2021. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, industrial stearic acid exports skyrocketed to $437K in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 128%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Industrial Stearic Acid in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 17.8 | 29.7 | 74.7 | 96.6 | 75.7% |
| Hungary | 9.1 | 4.8 | 6.9 | 88.9 | 113.8% |
| Serbia | 39.9 | 35.9 | 77.6 | 85.7 | 29.0% |
| Germany | 39.5 | 40.2 | 99.8 | 84.8 | 29.0% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 33.5 | 0% |
| Czech Republic | 10.7 | 9.8 | 26.2 | 12.6 | 5.6% |
| Poland | 0.1 | 2.7 | 3.6 | 12.1 | 394.6% |
| Bulgaria | N/A | N/A | N/A | 3.7 | 0% |
| Others | 13.4 | 5.8 | 5.4 | 18.8 | 11.9% |
| Total | 131 | 129 | 294 | 437 | 49.4% |
Top Export Markets for Industrial Stearic Acid from Austria in 2022:
- Switzerland (39.7 tons)
- Germany (27.9 tons)
- Serbia (25.0 tons)
- Hungary (22.1 tons)
- Poland (9.9 tons)
- Bosnia and Herzegovina (9.5 tons)
- Bulgaria (4.2 tons)
- Czech Republic (3.9 tons)
This report provides an in-depth analysis of the industrial stearic acid market in Austria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143120 - Industrial stearic acid
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Austria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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