Which Country Exports the Most Oils and Other Distillation Products in the World?

Basic Chemicals May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, approx. 24M tonnes of basic chemical were exported worldwide; dropping by -21.7% against the previous year level. The total export volume increased at an average annual rate of +2.6% over the period from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2015, an increase of 20% y-o-y. In that year, global basic chemical exports attained its maximum volume of 31M tonnes, falling back in the following year.

In value terms, basic chemical exports stood at $14B in 2016. Overall, basic chemical exports continue to indicate a relatively flat trend pattern. Over the period under review, global basic chemical exports attained its maximum level of $23B in 2013; however, from 2014 to 2016, it failed to regain its strength.

Top Basic Chemical Exporting Countries in the World

1. Netherlands (3,059.1 million USD)

2. Japan (1,375.0 million USD)

3. Belgium (1,243.5 million USD)

4. USA (904.8 million USD)

5. Spain (874.8 million USD)

6. South Korea (763.7 million USD)

7. Germany (646.0 million USD)

8. Thailand (636.8 million USD)

9. Malaysia (527.4 million USD)

10. Algeria (395.6 million USD)

11. France (388.5 million USD)

12. Bulgaria (212.7 million USD)

Basic Chemical Exports By Country

In 2016, the Netherlands (2.7M tonnes), Japan (2.5M tonnes), Spain (2M tonnes), South Korea (1.5M tonnes), Germany (1.5M tonnes), the U.S. (1.5M tonnes), Belgium (1.4M tonnes), Thailand (1.2M tonnes), Bulgaria (1.1M tonnes), Algeria (1.1M tonnes), Malaysia (996K tonnes), and France (938K tonnes) were the main exporters of basic chemical in the world, mixed up 76% of total export.

From 2007 to 2016, the most notable growth rate of basic chemical exports, among the main exporting countries, was attained by Bulgaria (+123.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($3.1B) remains the largest basic chemical supplier in the world, making up 22% of global exports. The second position in the ranking was occupied by Japan ($1.4B), with the share of 10% of global exports. It was followed by Belgium, with the share of 9%.

From 2007 to 2016, the average annual growth rate of value of basic chemical exports in the Netherlands stood at +12.2%. In the other countries, the average annual rates were as follows: Japan (+7.9% per year) and Belgium (+4.1% per year).

Basic Chemical Export Prices By Country

In 2016, the average export price for basic chemical amounted to $575 per tonne, surging by 14% against the previous year. In general, basic chemical export price continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2010, when export increased by 24% year-to-year. Global basic chemical export peaked of $929 per tonne in 2013; however, from 2014 to 2016, it failed to regain its strength.

Export prices varied noticeably by country of destination. the country with the highest export prices was the Netherlands ($1,153 per tonne), while Bulgaria ($192 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of basic chemical export prices was attained by the Netherlands (+6.1% per year), while the other global leaders experienced mixed trends in the export price figures.

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  • basic chemical market share
  • basic chemical prices
  • basic chemical industry
  • basic chemical sales
  • basic chemical import
  • basic chemical export
  • basic chemical market forecast
  • basic chemical price forecast
  • key basic chemical producers

All data provided in this article covers the following product: HS Code 2707 - Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents.

Source: World: Oils And Other Products Of The Distillation Of High Temperature Coal Tar - Market Report. Analysis and Forecast to 2025