Benelux: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Benelux

The Benelux market for compounds with other nitrogen function (excluding isocyanates) shrank notably to $X in 2022, reducing by -17.1% against the previous year. Overall, consumption, however, showed resilient growth. The level of consumption peaked at $X in 2021, and then declined notably in the following year.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Benelux

In value terms, compounds with other nitrogen function production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 99% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Benelux

Compounds with other nitrogen function exports skyrocketed to X tons in 2022, jumping by 44% on 2021. In general, exports, however, showed a abrupt shrinkage. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by 67% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands dominates exports structure, finishing at X tons, which was near 93% of total exports in 2022. It was distantly followed by Belgium (X tons), creating a 7.1% share of total exports.

The Netherlands was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) exports, with a CAGR of +4.5% from 2012 to 2022. Belgium (-29.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+73 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-73.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest compounds with other nitrogen function supplier in Benelux, comprising 90% of total exports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total exports.

In the Netherlands, compounds with other nitrogen function exports expanded at an average annual rate of +1.9% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, which is down by -8.4% against the previous year. Over the period under review, the export price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 82% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.1%).

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Benelux

In 2022, purchases abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -40.4% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 130% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, compounds with other nitrogen function imports dropped remarkably to $X in 2022. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

The countries with the highest levels of compounds with other nitrogen function imports in 2022 were the Netherlands (X tons), together resulting at 99% of total import.

The Netherlands was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) imports, with a CAGR of +4.7% from 2012 to 2022. The Netherlands (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in Benelux.

In the Netherlands, compounds with other nitrogen function imports increased at an average annual rate of +7.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, surging by 17% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +100.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 71% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +2.4% per year.

Source: IndexBox Platform