Europe: Sulphonamides Market 2024

Sulphonamides Market Size in Europe

The Europe sulphonamides market expanded remarkably to $X in 2021, surging by 12% against the previous year. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +24.4% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sulphonamides Production in Europe

In value terms, sulphonamides production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Sulphonamides Exports

Exports in Europe

In 2021, approx. X tons of sulphonamides were exported in Europe; falling by -5.6% against 2020. Overall, exports, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2018 when exports increased by 70% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, sulphonamides exports fell slightly to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.8% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Belgium (X tons) and the Netherlands (X tons) represented the key exporters of sulphonamides in Europe, together creating 60% of total exports. Germany (X tons) held the next position in the ranking, followed by Switzerland (X tons). All these countries together held near 20% share of total exports. France (X tons), Poland (X tons), Italy (X tons), the UK (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +15.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the largest sulphonamides supplier in Europe, comprising 27% of total exports. The second position in the ranking was taken by Belgium ($X), with a 9.2% share of total exports. It was followed by France, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value in Switzerland stood at +27.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+8.7% per year) and France (+4.6% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, growing by 1.8% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 140% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+25.1%), while the other leaders experienced more modest paces of growth.

Sulphonamides Imports

Imports in Europe

In 2021, imports of sulphonamides in Europe stood at X tons, picking up by 14% against 2020. In general, imports saw a notable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 79%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, sulphonamides imports skyrocketed to $X in 2021. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 101% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of sulphonamides, namely Germany, the Netherlands, Spain and France, represented more than half of total import. Switzerland (X tons) held a 5.8% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.8%) and Italy (5.3%). The following importers - Russia (X tons), Poland (X tons) and the UK (X tons) - together made up 11% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +13.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphonamides importing markets in Europe were Spain ($X), Belgium ($X) and France ($X), with a combined 55% share of total imports.

In terms of the main importing countries, Spain, with a CAGR of +46.2%, 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

In 2021, the import price in Europe amounted to $X per ton, surging by 19% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sulphonamides import price decreased by -19.7% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 103% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Spain (+32.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform