Carboxylic Acid Market Overview in Spain
In value terms, carboxylic acid production rose significantly to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. Carboxylic acid production peaked in and is likely to see steady growth in the near future.
The size of the carboxylic acid market in Spain declined to $ in , approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2019, and then dropped modestly in the following year.