Germany: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Germany

In 2022, after five years of growth, there was significant decline in the German market for compounds with other nitrogen function (excluding isocyanates), when its value decreased by -14.1% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Compounds with other nitrogen function consumption peaked at $X in 2021, and then fell in the following year.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Germany

In value terms, compounds with other nitrogen function production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 370% against the previous year. Compounds with other nitrogen function production peaked in 2022 and is likely to continue growth in years to come.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Germany

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were exported from Germany; increasing by 5.8% on the previous year's figure. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 38%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 96%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X tons), the UK (X tons) and the United States (X tons) were the main destinations of compounds with other nitrogen function exports from Germany, with a combined 47% share of total exports. Sweden, Canada, the Philippines, China, Italy, the Netherlands, Spain, Austria, Poland and Japan lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +85.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for compounds with other nitrogen function exported from Germany were South Korea ($X), the United States ($X) and Canada ($X), together accounting for 49% of total exports. The UK, Sweden, China, Italy, Spain, the Philippines, the Netherlands, Austria, Poland and Japan lagged somewhat behind, together accounting for a further 36%.

Sweden, with a CAGR of +65.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, growing by 9.8% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 68%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Germany

In 2022, supplies from abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -26.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a perceptible downturn. The growth pace was the most rapid in 2017 when imports increased by 32% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, compounds with other nitrogen function imports expanded to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 30%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the UK (X tons) and Spain (X tons) were the main suppliers of compounds with other nitrogen function imports to Germany, together accounting for 85% of total imports. The Netherlands, the United States and Thailand lagged somewhat behind, together accounting for a further 9.4%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +110.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Germany, comprising 50% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by the United States, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.2% per year) and the United States (+25.8% per year).

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, picking up by 39% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function import price increased by +62.0% against 2020 indices. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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