Spain: Market for Esters Of Acetic Acid (excluding Ethyl Acetate) 2024

Market Size for Esters Of Acetic Acid (excluding Ethyl Acetate) in Spain

After two years of growth, the Spanish market for esters of acetic acid (excluding ethyl acetate) decreased by X% to $X in 2023. Over the period under review, the total consumption indicated a modest increase from 2012 to 2023: its value 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. Consumption of peaked at $X in 2022, and then contracted sharply in the following year.

Production of Esters Of Acetic Acid (excluding Ethyl Acetate) in Spain

In value terms, production of esters of acetic acid (excluding ethyl acetate) declined to $X in 2023 estimated in export price. In general, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Exports from Spain

In 2023, the amount of esters of acetic acid (excluding ethyl acetate) exported from Spain soared to X tons, growing by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, exports of esters of acetic acid (excluding ethyl acetate) shrank to $X in 2023. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Portugal (X tons), Morocco (X tons) and Italy (X tons) were the main destinations of exports of esters of acetic acid (excluding ethyl acetate) from Spain, together comprising X% of total exports. France, Germany, the United States, Turkey and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Italy ($X) were the largest markets for esters of acetic acid (excluding ethyl acetate) exported from Spain worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, France, 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 more modest paces of growth.

Export Prices by Country

In 2023, the average export price for esters of acetic acid (excluding ethyl acetate) amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

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

Imports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Imports into Spain

Imports of esters of acetic acid (excluding ethyl acetate) into Spain totaled X tons in 2023, surging by X% against the year before. Over the period under review, total imports indicated a measured 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of esters of acetic acid (excluding ethyl acetate) reduced sharply to $X in 2023. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then fell notably in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main suppliers of imports of esters of acetic acid (excluding ethyl acetate) to Spain, together accounting for X% of total imports. Singapore, China, South Korea, the Netherlands and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest esters of acetic acid (excluding ethyl acetate) suppliers to Spain were Germany ($X), Belgium ($X) and China ($X), together accounting for X% of total imports. Saudi Arabia, Singapore, France, the Netherlands and South Korea lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, 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 import price for esters of acetic acid (excluding ethyl acetate) stood at $X per ton in 2023, dropping by X% against the previous year. In general, import price indicated a slight increase from 2012 to 2023: its price 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. The most prominent rate of growth was recorded 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 fell rapidly 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 France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform