EU: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in the EU

In 2023, the EU polyphenols and phenol-alcohols market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a perceptible 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. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2022, and then shrank in the following year.

Polyphenols And Phenol-Alcohols Production in the EU

In value terms, polyphenols and phenol-alcohols production rose significantly to $X in 2023 estimated in export price. Overall, production, however, showed strong growth. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Polyphenols And Phenol-Alcohols Exports

Exports in the EU

In 2023, overseas shipments of polyphenols and phenol-alcohols decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a pronounced increase 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 appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols exports shrank modestly to $X in 2023. Total exports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. 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% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of polyphenols and phenol-alcohols, namely Germany, France and Belgium, represented more than two-thirds of total export. It was distantly followed by Italy (X tons) and Estonia (X tons), together achieving 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 key exporting countries, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, France, 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

In 2023, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Estonia ($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 more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports in the EU

In 2023, overseas purchases of polyphenols and phenol-alcohols decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports declined to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, Belgium (X tons) was the major importer of polyphenols and phenol-alcohols, achieving X% of total imports. It was distantly followed by Germany (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons) and Spain (X tons), together achieving a X% share of total imports. France (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to polyphenols and phenol-alcohols imports into Belgium stood at X%. At the same time, Spain (X%) and Poland (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%), Italy (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of France (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

In Belgium, polyphenols and phenol-alcohols imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, with an increase of X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, polyphenols and phenol-alcohols import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Poland ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform