Europe: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Europe

The Europe heterocyclic compound market reduced modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Heterocyclic Compound Production in Europe

In value terms, heterocyclic compound production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Heterocyclic Compound Exports

Exports in Europe

In 2022, shipments abroad of heterocyclic compounds increased by X% to X tons, rising for the third year in a row after six years of decline. Over the period under review, exports, however, showed a slight descent. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, heterocyclic compound exports dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) and Germany (X tons) were the major exporters of heterocyclic compounds in 2022, amounting to near X% and X% of total exports, respectively. France (X tons) took the next position in the ranking, followed by Switzerland (X tons) and Italy (X tons). All these countries together took approx. X% share of total exports. Belgium (X tons) and the Netherlands (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Switzerland, Italy, the UK and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a slight decrease. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 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 Belgium ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced a decline in the export price figures.

Heterocyclic Compound Imports

Imports in Europe

In 2022, imports of heterocyclic compounds in Europe was estimated at X tons, increasing by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, heterocyclic compound imports dropped to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of heterocyclic compounds, namely the UK, France and Germany, represented more than half of total import. It was distantly followed by Italy (X tons), Belgium (X tons), Spain (X tons) and Switzerland (X tons), together comprising a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported heterocyclic compounds in Europe, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

In Germany, heterocyclic compound imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

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 Germany ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform