Europe: Phenols Market 2024

Phenols Market Size in Europe

The Europe phenols market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Phenols Production in Europe

In value terms, phenols production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Phenols Exports

Exports in Europe

After two years of growth, shipments abroad of phenols decreased by X% to X tons in 2022. Over the period under review, exports showed a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, phenols exports reduced slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium represented the key exporting country with an export of about X tons, which recorded X% of total exports. Finland (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%), the Netherlands (X%) and Germany (X%). The following exporters - the UK (X tons) and Switzerland (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to phenols exports from Belgium stood at X%. Switzerland, the UK and the Netherlands experienced a relatively flat trend pattern. Germany (X%), Russia (X%) and Finland (X%) illustrated a downward trend over the same period. Belgium (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest phenols supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Phenols Imports

Imports in Europe

After two years of growth, supplies from abroad of phenols decreased by X% to X tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, phenols imports amounted to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of phenols imports in 2022 were the Netherlands (X tons), Belgium (X tons) and Germany (X tons), together reaching X% of total import. Poland (X tons) took the next position in the ranking, followed by the UK (X tons). All these countries together held near X% share of total imports. The following importers - Italy (X tons) and Switzerland (X tons) - each reached a X% share of total imports.

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

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. The UK, Poland, Italy and Switzerland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform