In 2023, Germany led Europe's acetic acid salts production at 48.96 euros, followed by the United Kingdom at 34.45 euros and France at 19.42 euros. Forecasts for 2024 suggest Germany's continued dominance, bolstered by a 5.1% year-on-year increase. While Belgium saw a significant 6.04% rise, Finland's production dropped by 7.05%. Notably, Spain's production surged by 12.32%, contrasting sharply with Hungary's steep 17.69% decline. Over the past five years, these countries experienced varied CAGR, indicating shifting market dynamics.
Future trends to monitor include increased investment in sustainable production techniques across Europe and how geopolitical factors might influence trade and production capabilities, especially in key markets like Germany and the United Kingdom.
Top countries in Sold Production of Acetic Acid Salts Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48.96 | 2023 | +4.23% | +5.1% | View data |
| 2 | 2 United Kingdom | 34.45 | 2023 | +3.73% | +3.58% | View data |
| 3 | 3 France | 19.42 | 2023 | +6.38% | +3.74% | View data |
| 4 | 4 Belgium | 9.4 | 2023 | +19.93% | +6.04% | View data |
| 5 | 5 Finland | 5.08 | 2023 | +2.97% | -7.05% | View data |
| 6 | 6 Lithuania | 0.56 | 2023 | +4.14% | +0.41% | View data |
| 7 | 7 Spain | 0.48 | 2023 | +23.65% | +12.32% | View data |
| 8 | 8 Hungary | 0.015 | 2023 | -7.95% | -17.69% | View data |
| 9 | 9 Denmark | 0.001 | 2023 | +6.26% | View data |
