Austria: Hydantoin Market 2024

Hydantoin Market Size in Austria

In 2022, after two years of decline, there was significant growth in the Austrian hydantoin market, when its value increased by 13% to $X. In general, consumption showed a buoyant expansion. Hydantoin consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in Austria

In value terms, hydantoin production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 272%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Hydantoin Exports

Exports from Austria

In 2022, shipments abroad of hydantoin and its derivatives increased by 25% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 242%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydantoin exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a precipitous contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for hydantoin exports from Austria, with a 58% share of total exports. Moreover, hydantoin exports to Switzerland exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was taken by Slovenia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+51.0% per year) and Slovenia (-16.3% per year).

In value terms, South Korea ($X) emerged as the key foreign market for hydantoin and its derivatives exports from Austria, comprising 85% of total exports. The second position in the ranking was held by Switzerland ($X), with a 5.1% share of total exports. It was followed by Slovenia, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to South Korea totaled +141.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-4.6% per year) and Slovenia (-15.2% per year).

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, picking up by 566% against the previous year. Overall, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 977%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+110.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hydantoin Imports

Imports into Austria

In 2022, after two years of decline, there was significant growth in purchases abroad of hydantoin and its derivatives, when their volume increased by 301% to X tons. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hydantoin imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decrease. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of hydantoin imports to Austria, with a combined 88% share of total imports. Sweden, the Netherlands, India and the United States lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +171.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydantoin suppliers to Austria were France ($X), Germany ($X) and Belgium ($X), with a combined 80% share of total imports. The Netherlands, Sweden, India and the United States lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, India, with a CAGR of +324.6%, saw the highest growth rate of 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 average hydantoin import price stood at $X per ton in 2022, falling by -14.7% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 144%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+56.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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