Europe: Propylene Oxide Market 2024

Propylene Oxide Market Size in Europe

The Europe propylene oxide market was estimated at $X in 2022, growing by X% against the previous year. Overall, consumption, however, recorded resilient growth. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Propylene Oxide Production in Europe

In value terms, propylene oxide production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to see gradual growth in years to come.

Propylene Oxide Exports

Exports in Europe

After two years of growth, overseas shipments of methyloxirane (propylene oxide) decreased by X% to X tons in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, propylene oxide exports contracted to $X in 2022. Over the period under review, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X tons) represented the largest exporter of methyloxirane (propylene oxide), creating X% of total exports. It was distantly followed by Belgium (X tons), Germany (X tons) and France (X tons), together mixing up a X% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of methyloxirane (propylene oxide). At the same time, France (X%) and Belgium (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. Belgium (X p.p.), France (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest propylene oxide supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In the Netherlands, propylene oxide exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, recorded a slight decrease. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Germany ($X per ton), while France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the export price figures.

Propylene Oxide Imports

Imports in Europe

In 2022, imports of methyloxirane (propylene oxide) in Europe shrank to X tons, which is down by X% against 2021 figures. In general, imports recorded a mild slump. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, propylene oxide imports rose markedly to $X in 2022. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of methyloxirane (propylene oxide), namely the Netherlands, Belgium and Germany, represented more than two-thirds of total import. Spain (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest propylene oxide importing markets in Europe were Belgium ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports.

Belgium, with a CAGR of X%, 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 leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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