EU: Cumene Market 2024

Cumene Market Size in the EU

The EU cumene market skyrocketed to $X in 2021, surging by 41% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cumene Production in the EU

In value terms, cumene production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Cumene Exports

Exports in the EU

In 2021, approx. X tons of cumene were exported in the European Union; surging by 22% on the year before. Overall, exports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cumene exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands dominates exports structure, finishing at X tons, which was near 95% of total exports in 2021. The following exporters - Belgium (X tons) and Germany (X tons) - together made up 5.4% of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of cumene. At the same time, Belgium (+213.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +213.4% from 2012-2021. By contrast, Germany (-13.9%) illustrated a downward trend over the same period. The Netherlands (+20 p.p.) and Belgium (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -4% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest cumene supplier in the European Union, comprising 94% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands totaled -4.4%. In the other countries, the average annual rates were as follows: Belgium (+179.3% per year) and Germany (-16.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, jumping by 70% against the previous year. Overall, the export price, however, saw a noticeable setback. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.8%), while the other leaders experienced a decline in the export price figures.

Cumene Imports

Imports in the EU

Cumene imports soared to X tons in 2021, picking up by 42% on 2020. Overall, imports, however, saw a slight curtailment. The growth pace was the most rapid in 2020 with an increase of 53%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cumene imports soared to $X in 2021. In general, imports, however, saw a perceptible contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium prevails in imports structure, accounting for X tons, which was near 91% of total imports in 2021. It was distantly followed by Italy (X tons), making up a 5.4% share of total imports. Germany (X tons) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of cumene. At the same time, Italy (+10.4%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of +10.4% from 2012-2021. By contrast, Germany (-15.5%) illustrated a downward trend over the same period. Belgium (+16 p.p.) and Italy (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by -6.5% from 2012 to 2021, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported cumene in the European Union, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.1% share of total imports.

In Belgium, cumene imports decreased by an average annual rate of -1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+6.2% per year) and Germany (-17.4% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 66% against the previous year. In general, the import price, however, showed a slight contraction. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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