Germany: Acrylonitrile Market 2024

Acrylonitrile Market Size in Germany

The German acrylonitrile market dropped rapidly to $X in 2021, which is down by -85.2% against the previous year. Over the period under review, consumption recorded a precipitous decline. Acrylonitrile consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Acrylonitrile Production in Germany

In value terms, acrylonitrile production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 10% against the previous year. Acrylonitrile production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Acrylonitrile Exports

Exports from Germany

For the third year in a row, Germany recorded growth in shipments abroad of acrylonitrile, which increased by 32% to X tons in 2021. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 75% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, acrylonitrile exports soared to $X in 2021. Overall, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of acrylonitrile exports from Germany, with a combined 88% share of total exports. These countries were followed by Italy, Hungary and Sweden, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +267.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylonitrile exported from Germany were Belgium ($X), the Netherlands ($X) and France ($X), with a combined 87% share of total exports. Italy, Hungary and Sweden lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, Hungary, with a CAGR of +262.9%, recorded 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 average acrylonitrile export price stood at $X per ton in 2021, surging by 28% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and France ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.4%), while the prices for the other major destinations experienced a decline.

Acrylonitrile Imports

Imports into Germany

In 2021, supplies from abroad of acrylonitrile decreased by -19.6% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 22%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, acrylonitrile imports skyrocketed to $X in 2021. Overall, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of acrylonitrile to Germany, with a 77% share of total imports. Moreover, acrylonitrile imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. The third position in this ranking was taken by Brazil (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+9.6% per year) and Brazil (+39.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of acrylonitrile to Germany, comprising 77% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports. It was followed by Brazil, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+15.0% per year) and Brazil (+43.8% per year).

Import Prices by Country

In 2021, the average acrylonitrile import price amounted to $X per ton, growing by 54% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and the United States ($X per ton), while the price for Belgium ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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