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EU - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

EU - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights

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Jun 29, 2022

EU Isocyanate Exports Rebound to $2.6B

IndexBox has just published a new report: 'EU - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

EU Isocyanate Exports 

Isocyanate exports rose notably to 860K tons in 2021, growing by 6.2% compared with the previous year. This figure includes trade volumes between the EU countries and shipped outside the EU. The total export volume increased at an average annual rate of +1.5% over the period from 2011 to 2021. 

In value terms, exports soared to $2.6B in 2021. This figure includes trade between EU member countries. Total exports indicated a tangible increase in the past decade: its value increased at an average annual rate of +1.5%. 

Exports by Country

The shipments of the three major exporters of isocyanates, namely Germany, Hungary and Belgium, represented more than two-thirds of total exports. It was distantly followed by the Netherlands (82K tons), achieving a 9.5% share of total supplies. Spain (18K tons) took a little share of total volume.

In value terms, Germany ($921M), Hungary ($775M) and Belgium ($599M) appeared to be the countries with the highest levels of exports in 2021, with a combined 87% share of total supplies.

Among the main exporting countries, Hungary, with a CAGR of +9.0%, recorded the highest growth rate of the value of exports over the past decade. Shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for isocyanates in the European Union stood at $3,058 per ton in 2021, growing by 35% against the previous year. Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($3,342 per ton) and Spain ($2,969 per ton), while the Netherlands ($2,812 per ton) and Hungary ($2,830 per ton) were amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.8%), while the other leaders experienced more modest paces of growth.

EU Isocyanate Imports

In 2021, overseas purchases of isocyanates increased by 14% to 674K tons for the first time since 2017, thus ending a three-year declining trend. This figure includes trade volumes between the EU countries and shipped outside the EU. The total import volume increased at an average annual rate of +2.4% from 2011 to 2021.

In value terms, isocyanate imports surged to $2.1B in 2021. This figure includes trade between EU member countries. Total imports indicated notable growth over the last decade: its value increased at an average annual rate of +2.4%.

Imports by Country

Italy (143K tons) and Belgium (127K tons) represented roughly 40% of total imports in 2021. Poland (81K tons) ranks next in terms of the total volume with a 12% share, followed by Germany (11%), Spain (8.2%), the Netherlands (5.7%), France (5.5%) and Portugal (4.6%).

In value terms, the largest isocyanate importing markets in the European Union were Italy ($428M), Belgium ($355M) and Poland ($243M), with a combined 50% share of total imports. These countries were followed by Germany, Spain, the Netherlands, France and Portugal, which together accounted for a further 36%.

In terms of the main importing countries, the Netherlands, with a CAGR of +8.6%, recorded the highest growth rate of the value of imports over the past decade. Purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for isocyanates in the European Union amounted to $3,057 per ton, growing by 34% against the previous year. Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($3,686 per ton) and Germany ($3,199 per ton), while Belgium ($2,808 per ton) and France ($2,819 per ton) were amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the isocyanates market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20144450 - Isocyanates

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the EU, split by region and country
  • Trade (exports and imports) in the EU
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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