Which Country Exports the Most Heterocyclic Compounds in the World?

Basic Chemicals May 28, 2018

Blog Blog / Chemicals / Basic Chemicals

Author: Anna Sergeeva

PositionMarket Analyst

In 2016, approx. 2.6M tonnes of heterocyclic compound were exported worldwide; going down by -5.5% against the previous year level. Overall, heterocyclic compound exports continue to indicate a slight slump. The growth pace was the most rapid in 2010, when exports increased by 9% against the previous year level. Over the period under review, global heterocyclic compound exports attained its maximum volume of 3.2M tonnes in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

In value terms, heterocyclic compound exports amounted to $60B in 2016. In general, heterocyclic compound exports continue to indicate a relatively flat trend pattern. Global heterocyclic compound export peaked of $65B in 2013; however, from 2014 to 2016, it failed to regain its strength.

Top Heterocyclic Compound Exporting Countries in the World

1. Belgium (8.7 billion USD)

2. China (6.2 billion USD)

3. United Kingdom (2.8 billion USD)

4. India (1.8 billion USD)

5. Japan (1.5 billion USD)

6. Spain (0.8 billion USD)

7. South Korea (0.5 billion USD)

8. Netherlands (0.4 billion USD)

9. Russia (0.3 billion USD)

10. Mexico (0.2 billion USD)

11. Czech Republic (0.1 billion USD)

12. Qatar (0.1 billion USD)

Heterocyclic Compound Exports By Country

China (1M tonnes) was the key exporter of heterocyclic compound in the world, resulting at 1M tonnes, which was near 40% of total exports in 2016. Belgium (410K tonnes) took a 16% share (based on tonnes) of global heterocyclic compound exports, which put it in second place, following Russia (10%), Japan (8%), and the Netherlands (5%). Spain (71K tonnes), Qatar (69K tonnes), the UK (63K tonnes), South Korea (59K tonnes), Mexico (53K tonnes), Czech Republic (51K tonnes), and India (48K tonnes) held the slight share of total exports.

Exports from China increased at an average annual rate of +7.2% from 2007 to 2016. At the same time, Qatar (+474.8%), and India (+2.4%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing importer/exporter in the world, with a CAGR of nan% from 2007-2016. Mexico, Russia, the UK, Spain, and Czech Republic experienced a relatively flat trend pattern. By contrast, South Korea (-1.6%), Belgium (-1.9%), the Netherlands (-3.3%), and Japan (-6.0%) illustrated a downward trend over the same period. While the share of Japan (6%), Belgium (3%), and the Netherlands (2%) increased significantly, the share of Qatar (-2.6%), and China (-18.6%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest heterocyclic compound markets worldwide were Belgium ($8.7B), China ($6.2B) and the UK ($2.8B), with a combined 30% share of global exports. These countries were followed by India, Japan, Spain, South Korea, the Netherlands, Russia, Mexico, Czech Republic and Qatar, which together accounted for a further 9%.

Qatar (+185.3% per year) recorded the highest growth rate of heterocyclic compound exports, in terms of the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Heterocyclic Compound Export Prices By Country

In 2016, the average export price for heterocyclic compound amounted to $23 per kg, growing by 9% against the previous year. Over the last nine years it increased at an average annual rate of +2.7%.The pace of growth appeared the most rapid in 2012, when export price increased by 14% y-o-y. Over the period under review, average heterocyclic compound export price reached its maximum level in 2016, and is likely to continue its growth in the near future.

Export prices varied noticeably by country of destination. the country with the highest export prices was the UK ($45 per kg), while Qatar ($1,102 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of heterocyclic compound export prices was attained by India (+17.8% per year), while the other global leaders experienced mixed trends in the export price figures.

Do you want to know more about global heterocyclic compound market? Get the latest trends and insight from our report. It includes a wide range of statistics on