Oils From Coal Tar Market

The global market for oils from coal tar is projected to have a positive growth trend from 2022 to 2030, with an anticipated increase in consumption and value. Key insights include data on consumption levels, production volumes, import and export trends, as well as the top countries involved in the market. Countries like Russia, the United States, Singapore, and the Netherlands are highlighted as major players in both consumption and production. The article also covers details on different types of oils and products of the distillation of high temperature coal tar, import and export prices, and trends observed in the market over the past decade.

Market Forecast

Driven by rising demand for oils from coal tar worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market volume to 64M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +9.2% for the period from 2022 to 2030, which is projected to bring the market value to $48.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

In 2022, the amount of oils and other products of the distillation of high temperature coal tar consumed worldwide reduced rapidly to 42M tons, dropping by -21.1% against 2021. In general, consumption continues to indicate a noticeable descent. As a result, consumption attained the peak volume of 63M tons. From 2021 to 2022, the growth of the global consumption remained at a lower figure.

The global oils from coal tar market revenue shrank rapidly to $24B in 2022, dropping by -28.1% against 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). Over the period under review, consumption recorded a abrupt decline. Over the period under review, the global market reached the maximum level at $41.8B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Russia (5.4M tons), the United States (3.5M tons) and Singapore (3.1M tons), together accounting for 29% of global consumption. Angola, France, Thailand, the Netherlands, China, Sweden, Saudi Arabia, Malaysia, Brazil and the United Arab Emirates lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Malaysia (with a CAGR of +28.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest oils from coal tar markets worldwide were Singapore ($2.7B), the United States ($2.3B) and Angola ($1.8B), together accounting for 28% of the global market. China, Thailand, the Netherlands, Malaysia, France, Saudi Arabia, the United Arab Emirates, Brazil, Russia and Sweden lagged somewhat behind, together accounting for a further 35%.

Among the main consuming countries, Malaysia, with a CAGR of +29.1%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of oils from coal tar per capita consumption was registered in Singapore (535 kg per person), followed by Sweden (129 kg per person), the United Arab Emirates (111 kg per person) and the Netherlands (100 kg per person), while the world average per capita consumption of oils from coal tar was estimated at 5.3 kg per person.

In Singapore, oils from coal tar per capita consumption expanded at an average annual rate of +2.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Sweden (+15.4% per year) and the United Arab Emirates (+0.6% per year).

Production

World Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

In 2022, after two years of growth, there was decline in production of oils and other products of the distillation of high temperature coal tar, when its volume decreased by -1.5% to 63M tons. The total output volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 14%. As a result, production attained the peak volume of 70M tons. From 2018 to 2022, global production growth remained at a lower figure.

In value terms, oils from coal tar production reduced to $25.8B in 2022 estimated in export price. Over the period under review, production recorded a slight decrease. The growth pace was the most rapid in 2021 when the production volume increased by 19% against the previous year. Over the period under review, global production hit record highs at $30.9B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

Russia (8.5M tons) remains the largest oils from coal tar producing country worldwide, accounting for 14% of total volume. Moreover, oils from coal tar production in Russia exceeded the figures recorded by the second-largest producer, France (3.7M tons), twofold. The third position in this ranking was taken by Yemen (3.7M tons), with a 5.9% share.

In Russia, oils from coal tar production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+5.2% per year) and Yemen (+2.1% per year).

Imports

World Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

In 2022, supplies from abroad of oils and other products of the distillation of high temperature coal tar decreased by -33.7% to 41M tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports attained the peak of 63M tons. From 2021 to 2022, the growth of global imports failed to regain momentum.

In value terms, oils from coal tar imports shrank to $30.2B in 2022. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $34.6B, and then reduced in the following year.

Imports By Country

The Netherlands (9.6M tons) and Belgium (7.1M tons) represented roughly 41% of total imports in 2022. The United States (2.2M tons) took the next position in the ranking, followed by India (2.2M tons). All these countries together took approx. 11% share of total imports. China (1.8M tons), Germany (1.8M tons), Denmark (1.6M tons), Estonia (1.4M tons), the United Arab Emirates (1.3M tons), Spain (1.3M tons), the UK (1.2M tons), South Korea (1.1M tons) and Singapore (1M tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of +58.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest oils from coal tar importing markets worldwide were the Netherlands ($6.8B), Belgium ($5.6B) and China ($1.7B), with a combined 47% share of global imports. India, Germany, the United States, the United Arab Emirates, South Korea, Spain, Denmark, Singapore, the UK and Estonia lagged somewhat behind, together accounting for a further 34%.

Spain, with a CAGR of +47.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 represented the major type of oils and other products of the distillation of high temperature coal tar in the world, with the volume of imports resulting at 24M tons, which was approx. 60% of total imports in 2022. Aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method (9.6M tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by oils and products of the distillation of high temperature coal tar; xylole (10%). Oils and products of the distillation of high temperature coal tar; benzole (1.3M tons) and oils and products of the distillation of high temperature coal tar; toluole (0.8M tons) held a relatively small share of total imports.

Oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 was also the fastest-growing in terms of imports, with a CAGR of +16.4% from 2012 to 2022. At the same time, oils and products of the distillation of high temperature coal tar; toluole (+12.4%) and oils and products of the distillation of high temperature coal tar; xylole (+3.0%) displayed positive paces of growth. By contrast, aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method (-2.3%) and oils and products of the distillation of high temperature coal tar; benzole (-4.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 increased by +38 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 ($15.6B), aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method ($9B) and oils and products of the distillation of high temperature coal tar; xylole ($3.7B) appeared to be the products with the highest levels of imports in 2022, together comprising 94% of global imports.

In terms of the main imported products, oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced mixed trends in the imports figures.

Import Prices By Type

The average oils from coal tar import price stood at $737 per ton in 2022, growing by 32% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when the average import price increased by 49%. Global import price peaked at $1,020 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method ($933 per ton), while the price for oils and other products of the distillation of high temperature coal tar; creosote oils ($498 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by oils and products of the distillation of high temperature coal tar; naphthalene (-1.0%), while the other products experienced a decline in the import price figures.

Import Prices By Country

In 2022, the average oils from coal tar import price amounted to $737 per ton, growing by 32% against the previous year. In general, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 49%. Global import price peaked at $1,020 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($983 per ton), while Estonia ($529 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.2%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

In 2022, after three years of growth, there was significant decline in shipments abroad of oils and other products of the distillation of high temperature coal tar, when their volume decreased by -14.7% to 62M tons. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 47% against the previous year. Over the period under review, the global exports hit record highs at 73M tons in 2021, and then fell in the following year.

In value terms, oils from coal tar exports rose notably to $43.8B in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 66%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports By Country

The Netherlands (11M tons) and Belgium (7.6M tons) were the largest exporters of oils and other products of the distillation of high temperature coal tar in 2022, accounting for approx. 18% and 12% of total exports, respectively. It was distantly followed by Yemen (3.6M tons), Germany (3.6M tons) and Russia (3.1M tons), together achieving a 17% share of total exports. The UK (2.4M tons), the United States (2.3M tons), Estonia (2.2M tons), India (2.2M tons), Japan (2.1M tons), France (2.1M tons), Denmark (2.1M tons) and Sweden (2M tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Denmark (with a CAGR of +59.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest oils from coal tar supplying countries worldwide were the Netherlands ($7.3B), Belgium ($5.3B) and Germany ($2.8B), with a combined 35% share of global exports. Yemen, India, the UK, the United States, Japan, Russia, France, Denmark, Sweden and Estonia lagged somewhat behind, together comprising a further 39%.

Among the main exporting countries, Denmark, with a CAGR of +59.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 was the key type of oils and other products of the distillation of high temperature coal tar in the world, with the volume of exports resulting at 40M tons, which was near 65% of total exports in 2022. Aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method (12M tons) held the second position in the ranking, distantly followed by oils and products of the distillation of high temperature coal tar; naphthalene (4.2M tons) and oils and products of the distillation of high temperature coal tar; xylole (3.9M tons). All these products together took near 33% share of total exports. Oils and products of the distillation of high temperature coal tar; benzole (1.2M tons) followed a long way behind the leaders.

Oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 was also the fastest-growing in terms of exports, with a CAGR of +18.7% from 2012 to 2022. At the same time, oils and products of the distillation of high temperature coal tar; xylole (+6.6%), oils and products of the distillation of high temperature coal tar; naphthalene (+6.3%) and aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method (+1.7%) displayed positive paces of growth. Oils and products of the distillation of high temperature coal tar; benzole experienced a relatively flat trend pattern. Oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 (+34 p.p.) significantly strengthened its position in terms of the global exports, while oils and products of the distillation of high temperature coal tar; xylole, oils and products of the distillation of high temperature coal tar; naphthalene, oils and products of the distillation of high temperature coal tar; benzole and aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method saw its share reduced by -2.3%, -2.7%, -3.5% and -23.2% from 2012 to 2022, respectively.

In value terms, oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 ($24.2B) remains the largest type of oils and other products of the distillation of high temperature coal tar supplied worldwide, comprising 55% of global exports. The second position in the ranking was held by aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method ($11.7B), with a 27% share of global exports. It was followed by oils and products of the distillation of high temperature coal tar; xylole, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of the value of oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 exports totaled +15.7%. With regard to the other exported products, the following average annual rates of growth were recorded: aromatic hydrocarbon mixtures; n.e.s. in heading no. 2707, of which 65% or more by volume (including losses) distils at 250 degrees celsius by the ASTM d 86 method (+0.9% per year) and oils and products of the distillation of high temperature coal tar; xylole (+4.5% per year).

Export Prices By Type

In 2022, the average oils from coal tar export price amounted to $706 per ton, rising by 34% against the previous year. Overall, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. Over the period under review, the average export prices reached the peak figure at $939 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was oils and products of the distillation of high temperature coal tar; toluole ($1,008 per ton), while the average price for exports of oils and other products of the distillation of high temperature coal tar; n.e.s. in heading no. 2707 ($605 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by oils and other products of the distillation of high temperature coal tar; creosote oils (+1.2%), while the other products experienced a decline in the export price figures.

Export Prices By Country

In 2022, the average oils from coal tar export price amounted to $706 per ton, rising by 34% against the previous year. In general, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the maximum at $939 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($930 per ton), while Estonia ($497 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.3%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform