Which Country Imports the Most Heterocyclic Compounds in the World?

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

In 2016, the global heterocyclic compound imports amounted to 2.1M tonnes, falling by -15.3% against the previous year level. Overall, heterocyclic compound imports continue to indicate a temperate descent. The pace of growth was the most pronounced in 2010, when import increased by 11% from the previous year level. Global heterocyclic compound import peaked of 2.6M tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.

In value terms, heterocyclic compound imports totaled $67B in 2016. The total import value increased at an average annual rate of +1.6% over the period from 2007 to 2016; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. Over the period under review, global heterocyclic compound imports reached its maximum level of $77B in 2012; however, from 2013 to 2016, it failed to regain its strength.

Top Heterocyclic Compound Importing Countries in the World

1. Germany (8.7 billion USD)

2. Belgium (8.6 billion USD)

3. Italy (3.6 billion USD)

4. Spain (2.3 billion USD)

5. United Kingdom (2.2 billion USD)

6. Brazil (2.1 billion USD)

7. France (1.6 billion USD)

8. South Korea (0.9 billion USD)

9. Turkey (0.4 billion USD)

10. Indonesia (0.3 billion USD)

11. Thailand (0.2 billion USD)

12. Malaysia (0.1 billion USD)

Heterocyclic Compound Imports By Country

In 2016, Germany (360K tonnes), followed by Italy (224K tonnes), Brazil (172K tonnes), Belgium (114K tonnes), and South Korea (113K tonnes) represented the largest importers of heterocyclic compound, together achieving 47% of total imports. Spain (92K tonnes), Indonesia (90K tonnes), Turkey (89K tonnes), France (76K tonnes), the UK (74K tonnes), Thailand (62K tonnes), and Malaysia (60K tonnes) held the minor share of total imports.

From 2007 to 2016, the most notable growth rate of heterocyclic compound imports, among the main importing countries, was attained by Turkey (+7.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest heterocyclic compound markets worldwide were Germany ($8.7B), Belgium ($8.6B) and Italy ($3.6B), with a combined 31% share of global imports.

Germany (+7.2% per year) experienced the highest growth rate of heterocyclic compound 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 Compound Import Prices By Country

The average heterocyclic compound import price stood at $33 per kg in 2016, surging by 21% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +4.1%.The growth pace was the most rapid in 2016, when it surged by 21% y-o-y. In that year, average heterocyclic compound 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 Belgium ($75 per kg), while Malaysia ($1,966 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of heterocyclic compound import prices was attained by Global (+4.1% per year), while the other global leaders experienced mixed trends in the import 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

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

All data provided in this article covers the following product: HS Code 2933 - Heterocyclic compounds with nitrogen hetero-atom(s) only.

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