Organo-Inorganic Compounds Market

The global market for organo-inorganic compounds (excluding organo-sulphur compounds) is projected to see growth in volume and value over the period from 2022 to 2030. Consumption, production, imports, and exports have all shown fluctuations and growth patterns, with key countries like Brazil, the United States, and China playing significant roles in the market. The average annual rates of growth in consumption, production, and exports vary among different countries, with China being the largest producer and exporter. Overall, the market is forecasted to continue growing in the near future.

Market Forecast

Driven by increasing demand for organo-inorganic compounds (excluding organo-sulphur compounds) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $18.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Organo-Inorganic Compounds (Excluding Organo-Sulphur Compounds)

In 2022, consumption of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 11% to 2.3M tons, rising for the second year in a row after two years of decline. The total consumption volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.

The global organo-inorganic compounds market value soared to $13.9B in 2022, increasing by 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Brazil (339K tons), the United States (333K tons) and China (252K tons), with a combined 41% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Brazil (with a CAGR of +17.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.4B), Brazil ($1.8B) and China ($964M) were the countries with the highest levels of market value in 2022, with a combined 37% share of the global market.

Brazil, with a CAGR of +18.6%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of organo-inorganic compounds per capita consumption was registered in Belgium (8.3 kg per person), followed by Argentina (3.2 kg per person), Brazil (1.6 kg per person) and the United States (1 kg per person), while the world average per capita consumption of organo-inorganic compounds was estimated at 0.3 kg per person.

In Belgium, organo-inorganic compounds per capita consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-2.1% per year) and Brazil (+16.7% per year).

Production

World Production of Organo-Inorganic Compounds (Excluding Organo-Sulphur Compounds)

In 2022, global production of organo-inorganic compounds (excluding organo-sulphur compounds) declined modestly to 2.2M tons, shrinking by -2% on the previous year's figure. The total output volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16%. Global production peaked at 2.4M tons in 2017; however, from 2018 to 2022, production remained at a lower figure.

In value terms, organo-inorganic compounds production reached $9.7B in 2022 estimated in export price. Over the period under review, production recorded a sharp contraction. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, global production reached the maximum level at $252.1B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (1.1M tons) constituted the country with the largest volume of organo-inorganic compounds production, accounting for 51% of total volume. Moreover, organo-inorganic compounds production in China exceeded the figures recorded by the second-largest producer, the United States (328K tons), threefold. The third position in this ranking was held by India (167K tons), with a 7.8% share.

In China, organo-inorganic compounds production expanded at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.2% per year) and India (+2.6% per year).

Imports

World Imports of Organo-Inorganic Compounds (Excluding Organo-Sulphur Compounds)

In 2022, overseas purchases of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 9.8% to 1.8M tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, organo-inorganic compounds imports soared to $13.9B in 2022. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Brazil (352K tons) and the United States (349K tons) were the major importers of organo-inorganic compounds (excluding organo-sulphur compounds)around the world, together amounting to approx. 38% of total imports. Belgium (150K tons) took an 8.2% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (8%). The Netherlands (73K tons), Germany (66K tons), Russia (50K tons), Japan (45K tons), South Korea (44K tons), Canada (37K tons), France (36K tons), Italy (35K tons) and Indonesia (32K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +17.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($2.8B), Brazil ($2B) and Argentina ($954M) appeared to be the countries with the highest levels of imports in 2022, with a combined 41% share of global imports.

Brazil, with a CAGR of +19.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average organo-inorganic compounds import price amounted to $7,632 per ton, jumping by 39% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, organo-inorganic compounds import price increased by +57.7% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($12,393 per ton), while Belgium ($3,920 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Organo-Inorganic Compounds (Excluding Organo-Sulphur Compounds)

In 2022, after two years of growth, there was significant decline in shipments abroad of organo-inorganic compounds (excluding organo-sulphur compounds), when their volume decreased by -6.3% to 1.7M tons. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 32%. The global exports peaked at 1.8M tons in 2021, and then fell in the following year.

In value terms, organo-inorganic compounds exports surged to $12.9B in 2022. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 49% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

China was the largest exporter of organo-inorganic compounds (excluding organo-sulphur compounds) in the world, with the volume of exports resulting at 855K tons, which was near 50% of total exports in 2022. The United States (344K tons) took the second position in the ranking, distantly followed by Germany (110K tons). All these countries together took near 27% share of total exports. The UK (65K tons), Belgium (60K tons), the Netherlands (52K tons), Thailand (43K tons), Japan (35K tons) and France (28K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to organo-inorganic compounds exports from China stood at +5.2%. At the same time, France (+64.2%), Thailand (+19.4%), Japan (+7.4%) and the Netherlands (+3.7%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +64.2% from 2012-2022. The United States, Germany and Belgium experienced a relatively flat trend pattern. By contrast, the UK (-4.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Thailand and France increased by +11, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($6.5B) remains the largest organo-inorganic compounds supplier worldwide, comprising 51% of global exports. The second position in the ranking was held by the United States ($1.8B), with a 14% share of global exports. It was followed by Germany, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +13.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+4.1% per year) and Germany (+2.1% per year).

Export Prices By Country

The average organo-inorganic compounds export price stood at $7,558 per ton in 2022, with an increase of 40% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, organo-inorganic compounds export price increased by +88.5% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($11,181 per ton), while Thailand ($3,794 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform