Which Country Imports the Most Heterocyclic Compounds in the World?

Basic Chemicals May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the global imports of heterocyclic compounds amounted to 338K tonnes, going down by -11.0% against the previous year figure. In general, heterocyclic compounds imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2010, when it surged by 19% y-o-y. Global heterocyclic compounds import peaked of 491K tonnes in 2012; however, from 2013 to 2016, it failed to regain its strength.

In value terms, heterocyclic compounds imports stood at $6.3B in 2016. In general, heterocyclic compounds imports continue to indicate a relatively flat trend pattern. Global heterocyclic compounds import peaked of $7.3B in 2011; however, from 2012 to 2016, it failed to regain its strength.

Top Heterocyclic Compounds Importing Countries in the World

1. Japan (366.5 million USD)

2. South Korea (290.9 million USD)

3. United Kingdom (263.1 million USD)

4. France (244.0 million USD)

5. Italy (239.9 million USD)

6. India (237.8 million USD)

7. Spain (174.1 million USD)

8. Netherlands (124.3 million USD)

9. Belgium (123.6 million USD)

10. Indonesia (78.9 million USD)

11. Canada (60.7 million USD)

12. Czech Republic (22.6 million USD)

Heterocyclic Compounds Imports By Country

The countries with the highest levels of heterocyclic compounds imports in 2016 were South Korea (63K tonnes), India (45K tonnes), Japan (42K tonnes), Belgium (32K tonnes), and Spain (24K tonnes), together accounting for 60% of total import. It was distantly followed by Italy (16K tonnes), achieving 5% share of total heterocyclic compounds imports. The UK (15K tonnes), France (14K tonnes), the Netherlands (11K tonnes), Canada (8.9K tonnes), Czech Republic (8.2K tonnes), and Indonesia (5.8K tonnes) occupied the minor share of total imports.

From 2007 to 2016, the most notable growth rate of heterocyclic compounds imports, among the main importing countries, was attained by India (+7.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest heterocyclic compounds markets worldwide were Japan ($367M), South Korea ($291M) and the UK ($263M), with a combined 15% share of global imports. These countries were followed by France, Italy, India, Spain, the Netherlands, Belgium, Indonesia, Canada and Czech Republic, which together accounted for a further 21%.

India (+10.3% per year) recorded the highest rates of growth with regard to the heterocyclic compounds imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Heterocyclic Compounds Import Prices By Country

In 2016, the average import price for heterocyclic compounds amounted to $19 per kg, picking up by 14% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +1.5%.The pace of growth appeared the most rapid in 2016, when import increased by 14% year-to-year. In that year, average heterocyclic compounds import price reached its maximum level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was France ($18 per kg), while Czech Republic ($2,768 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of heterocyclic compounds import prices was attained by Indonesia (+9.7% per year), while the other global leaders experienced more modest paces of growth.

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

  • heterocyclic compounds market share
  • heterocyclic compounds prices
  • heterocyclic compounds industry
  • heterocyclic compounds sales
  • heterocyclic compounds import
  • heterocyclic compounds export
  • heterocyclic compounds market forecast
  • heterocyclic compounds price forecast
  • key heterocyclic compounds producers

This article was written on the product's HS-code: 2932.

Source: World: Heterocyclic Heterocyclic Compoundss - Market Report. Analysis and Forecast to 2025