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

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

The EU market for compounds with other nitrogen function (excluding isocyanates) contracted to $X in 2022, waning by -8.8% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +54.5% against 2017 indices. The level of consumption peaked at $X in 2021, and then shrank in the following year.

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

In value terms, compounds with other nitrogen function production contracted to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 78%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in the EU

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) was finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 24%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, compounds with other nitrogen function exports rose markedly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany was the largest exporting country with an export of about X tons, which reached 55% of total exports. Spain (X tons) held the second position in the ranking, distantly followed by the Netherlands (X tons) and France (X tons). All these countries together took near 37% share of total exports. Italy (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to compounds with other nitrogen function exports from Germany stood at +8.6%. At the same time, France (+18.5%), the Netherlands (+4.5%) and Spain (+4.1%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +18.5% from 2012-2022. Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of Germany, France, Spain and the Netherlands increased by +30, +6.7, +5.8 and +3.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest compounds with other nitrogen function supplier in the European Union, comprising 43% of total exports. The second position in the ranking was taken by Spain ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+0.5% per year) and the Netherlands (+1.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of 6.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 23%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in the EU

In 2022, overseas purchases of compounds with other nitrogen function (excluding isocyanates) decreased by -23.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a mild slump. The growth pace was the most rapid in 2016 with an increase of 58%. Over the period under review, imports attained the maximum 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 contracted to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined modestly in the following year.

Imports by Country

The Netherlands (X tons) and Germany (X tons) dominates imports structure, together creating 72% of total imports. Portugal (X tons), the Czech Republic (X tons), Ireland (X tons), Italy (X tons), France (X tons), Spain (X tons), Poland (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +39.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2022, together accounting for 68% of total imports. Italy, Portugal, Ireland, Spain, Poland, the Czech Republic and Sweden lagged somewhat behind, together comprising a further 22%.

Among the main importing countries, Portugal, with a CAGR of +23.3%, saw 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 2022, increasing by 27% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +84.2% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 45%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 France ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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