EU: Isocyanates Market 2022

Isocyanates Market Size in the EU

The EU isocyanates market fell slightly to $X in 2021, dropping by -X% against the previous year. In general, consumption saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Isocyanates Production in the EU

In value terms, isocyanates production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced contraction. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Isocyanates Exports

Exports in the EU

In 2021, approx. X tons of isocyanates were exported in the European Union; rising by X% on the year before. Overall, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, isocyanates exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of isocyanates, namely Germany, Hungary and Belgium, represented more than two-thirds of total export. It was distantly followed by the Netherlands (X tons), making up an X% share of total exports. The following exporters - France (X tons) and Spain (X tons) - each amounted to a X% share of total exports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest isocyanates supplying countries in the European Union were Germany ($X), Hungary ($X) and Belgium ($X), together comprising X% of total exports. These countries were followed by the Netherlands, France and Spain, which together accounted for a further X the main exporting countries, Spain, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the other leaders experienced more modest paces of growth.

Isocyanates Imports

Imports in the EU

In 2021, overseas purchases of isocyanates were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, isocyanates imports surged to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons) and Belgium (X tons) represented roughly X% of total imports in 2021. Poland (X tons) took the next position in the ranking, followed by Germany (X tons), Spain (X tons), the Netherlands (X tons), France (X tons) and Portugal (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, together accounting for X% of total imports. These countries were followed by Germany, Spain, the Netherlands, France and Portugal, which together accounted for a further X terms of the main importing countries, the Netherlands, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by X% against the previous year. Import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($X per ton) and Germany ($X per ton), while Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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