Isocyanates Market
Isocyanates market: get access to newly released information provided by an Ai-driven BI platform. Data cover exports, consumption, market size, trade, market prices, imports, production, and companies. There is a split by region, including China, the U.S., Russia, EU, the U.K., the Middle East, Latin America, and Africa. Market dynamics and outlook to 2030 are also featured in the reports.
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Isocyanates - World's Largest Markets
Rating | Country |
---|---|
1 | China |
2 | India |
3 | United States |
4 | Japan |
5 | Russia |
In value terms, China, India and the United States constituted the countries with the highest levels of market value in 2020, with a combined 48% share of the global market. These countries were followed by Japan, Russia, France, Germany, Canada, Spain, South Korea, Turkey, Iran and Italy, which together accounted for a further 27%.
South Korea saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while isocyanates market for the other global leaders experienced more modest paces of growth.
Isocyanates Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per ton | ||||
Saudi Arabia | 2029 | 1757 | 1572 | -12.0% |
South Korea | 3113 | 1905 | 1656 | -27.1% |
China | 3239 | 2234 | 1889 | -23.6% |
Hungary | 3261 | 1887 | 1967 | -22.3% |
Belgium | 3213 | 2567 | 2212 | -17.0% |
United States | 3313 | 2421 | 2260 | -17.4% |
Japan | 3840 | 2824 | 2478 | -19.7% |
Germany | 3428 | 2439 | 2518 | -14.3% |
Average | 3234 | 2268 | 2051 | -20.4% |
Prices varied noticeably by the country of origin; the country with the highest price was Germany ($2,518 per ton), while Saudi Arabia ($1,572 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per ton | ||||
Germany | 3316 | 2717 | 2475 | -13.6% |
China | 3573 | 2911 | 2462 | -17.0% |
Belgium | 2356 | 2132 | 2281 | -1.6% |
India | 3363 | 2396 | 2277 | -17.7% |
Vietnam | 3917 | 2154 | 2133 | -26.2% |
Italy | 3278 | 2333 | 2116 | -19.7% |
Spain | 3262 | 2199 | 2036 | -21.0% |
Poland | 3303 | 1881 | 1988 | -22.4% |
Russia | 3402 | 1942 | 1951 | -24.3% |
Turkey | 3453 | 2104 | 1825 | -27.3% |
Brazil | 2423 | 1782 | 1803 | -13.7% |
Indonesia | 2969 | 1833 | 1599 | -26.6% |
Nigeria | 2441 | 1710 | 1417 | -23.8% |
Average | 3168 | 2278 | 2099 | -18.6% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Germany ($2,475 per ton), while Nigeria ($1,417 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced a decline in the import price figures.
Isocyanates - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
billion USD | ||||
China | 0.7 | 0.5 | 0.4 | -24.9% |
Italy | 0.5 | 0.3 | 0.3 | -25.4% |
Germany | 0.4 | 0.3 | 0.2 | -26.3% |
Turkey | 0.3 | 0.2 | 0.2 | -19.9% |
Brazil | 0.3 | 0.2 | 0.2 | -25.8% |
In value terms, the largest isocyanates importing markets worldwide were China ($372M), Italy ($260M) and Germany ($204M), together accounting for 19% of global imports. These countries were followed by Turkey, Brazil, Belgium, Vietnam, India, Poland, Indonesia, Russia, Spain and Nigeria, which together accounted for a further 34%.
In terms of the main importing countries, Vietnam saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.
Isocyanates - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
billion USD | ||||
Germany | 1.2 | 0.9 | 0.8 | -21.2% |
China | 0.7 | 0.6 | 0.7 | -0.4% |
South Korea | 1.3 | 0.6 | 0.5 | -36.8% |
Hungary | 0.9 | 0.5 | 0.5 | -25.4% |
Japan | 0.6 | 0.4 | 0.4 | -17.2% |
In value terms, Germany ($750M), China ($716M) and South Korea ($510M) appeared to be the countries with the highest levels of exports in 2020, with a combined 47% share of global exports.
China recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.
Isocyanates - Market Forecast
Driven by rising demand for isocyanates worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Isocyanates - Product Coverage
- HS 292910 - Nitrogen-function compounds; n.e.s. in chapter 29, isocyanates
This report provides an in-depth analysis of the global isocyanates market.
This report provides an in-depth analysis of the isocyanates market in Northern America.
This report provides an in-depth analysis of the isocyanates market in Australia and Oceania.
This report provides an in-depth analysis of the isocyanates market in Africa.
This report provides an in-depth analysis of the isocyanates market in Latin America and the Caribbean.
This report provides an in-depth analysis of the isocyanates market in South-Eastern Asia.
This report provides an in-depth analysis of the isocyanates market in Eastern Asia.
This report provides an in-depth analysis of the isocyanates market in the Middle East.
This report provides an in-depth analysis of the isocyanates market in Central Asia.
This report provides an in-depth analysis of the isocyanates market in Southern Asia.
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