Europe: Chlorides Market 2024

Chlorides Market Size in Europe

After four years of growth, the Europe chlorides market decreased by -2.5% to $X in 2021. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then declined slightly in the following year.

Chlorides Production in Europe

In value terms, chlorides production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 18%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Chlorides Exports

Exports in Europe

Chlorides exports rose markedly to X tons in 2021, picking up by 8.7% against the year before. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 15%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, chlorides exports skyrocketed to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.3% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by the Netherlands (X tons), Belgium (X tons), Finland (X tons), France (X tons), Sweden (X tons), Austria (X tons) and Spain (X tons) were the key exporters of chlorides (excluding ammonium chloride), together comprising 83% of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +11.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chlorides supplying countries in Europe were Germany ($X), France ($X) and Belgium ($X), with a combined 52% share of total exports.

In terms of the main exporting countries, France, with a CAGR of +13.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, jumping by 26% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Chlorides Imports

Imports in Europe

In 2021, imports of chlorides (excluding ammonium chloride) in Europe expanded to X tons, increasing by 4.3% on the year before. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 19%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, chlorides imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 28%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Germany (X tons), France (X tons), Belgium (X tons), Sweden (X tons), the Netherlands (X tons), Italy (X tons), Spain (X tons), the UK (X tons), Norway (X tons), Switzerland (X tons), Austria (X tons) and Denmark (X tons) represented roughly 84% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chlorides importing markets in Europe were Germany ($X), France ($X) and the Netherlands ($X), with a combined 39% share of total imports. Italy, the UK, Spain, Belgium, Sweden, Switzerland, Norway, Austria and Denmark lagged somewhat behind, together comprising a further 40%.

Spain, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Europe stood at $X per ton in 2021, rising by 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform