Nitrile-function compounds market
Nitrile-function Compounds - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | Italy |
| 3 | China |
| 4 | Japan |
| 5 | Mexico |
In value terms, the largest nitrile-function compounds markets worldwide were India, Italy and China, with a combined 45% share of the global market.
Italy (+63.2% per year) recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while nitrile-function compounds market for the other global leaders experienced more modest paces of growth.
Nitrile-Function Compounds Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| France | 2129 | 2169 | 1977 | -3.6% |
| United States | 2140 | 2891 | 2285 | 3.3% |
| Netherlands | 3090 | 2654 | 2586 | -8.5% |
| United Kingdom | 9462 | 11930 | 5965 | -20.6% |
| Belgium | 4831 | 4651 | 6411 | 15.2% |
| China | 7887 | 7838 | 6811 | -7.1% |
| Germany | 18113 | 18652 | 18895 | 2.1% |
| Average | 4043 | 4426 | 4301 | 3.1% |
Prices varied noticeably by the country of origin; the country with the highest price was Germany ($18,895 per ton), while France ($1,977 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 more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Italy | 95400 | 91499 | 10486 | -66.8% |
| Belgium | 6676 | 6435 | 9449 | 19.0% |
| United States | 8380 | 9266 | 8077 | -1.8% |
| Brazil | 6237 | 4495 | 6767 | 4.2% |
| United Kingdom | 2564 | 2893 | 6522 | 59.5% |
| India | 4203 | 5684 | 5619 | 15.6% |
| Switzerland | 5337 | 5436 | 5554 | 2.0% |
| Germany | 5055 | 5689 | 5342 | 2.8% |
| France | 8779 | 4137 | 2956 | -42.0% |
| China | 2195 | 3088 | 2541 | 7.6% |
| Netherlands | 2555 | 1613 | 2051 | -10.4% |
| Canada | 2624 | 2118 | 1230 | -31.5% |
| Average | 4004 | 4456 | 4752 | 9.0% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Italy ($10,486 per ton), while Canada ($1,230 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the UK (+59.5% per year), while the other global leaders experienced more modest paces of growth.
Nitrile-Function Compounds - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.6 | 0.8 | 0.7 | 0.7% |
| Brazil | 0.09 | 0.2 | 0.3 | 94.5% |
| United States | 0.3 | 0.4 | 0.3 | -1.3% |
| Italy | 9.54E-7 | 9.87E-7 | 0.3 | 53306.8% |
| India | 0.2 | 0.2 | 0.2 | 16.1% |
In value terms, the largest nitrile-function compounds importing markets worldwide were China ($657M), Brazil ($347M) and the United States ($314M), with a combined 40% share of global imports. These countries were followed by Italy, India, Belgium, France, Germany, the Netherlands, the UK, Switzerland and Canada, which together accounted for a further 38%.
Among the main importing countries, Italy (+53,306.8% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Nitrile-Function Compounds - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.8 | 1 | 0.9 | 6.8% |
| United States | 0.6 | 0.8 | 0.6 | -3.4% |
| Belgium | 0.06 | 0.07 | 0.3 | 125.7% |
| Germany | 0.2 | 0.2 | 0.2 | 1.4% |
| France | 0.4 | 0.4 | 0.2 | -18.6% |
In value terms, China ($918M), the United States ($565M) and Belgium ($328M) constituted the countries with the highest levels of exports in 2020, together comprising 61% of global exports.
Belgium (+125.7% per year) recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Nitrile-Function Compounds - Market Forecast
Driven by increasing demand for nitrile-function compounds worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding 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.
Nitrile-function Compounds - Product Coverage
- HS 292630 - Nitrile-function compounds; fenproporex (INN) and its salts; methadone (INN) intermediate (4-cyano-2-dimethylamino-4,4-diphenylbutane)
- HS 292690 - Nitrile-function compounds; other than acrylonitrile, 1-cyanoguanidine (dicyandiamide) and fenproporex (INN) and its salts - methadone (INN) intermediate (4-cyano-2-dimethylamino-4,4-diphenylbutane
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