Germany: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Germany

The German azo- or azoxy-compounds market reduced to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then declined slightly in the following year.

Azo- Or Azoxy-Compounds Production in Germany

In value terms, azo- or azoxy-compounds production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Azo- Or Azoxy-Compounds Exports

Exports from Germany

In 2022, azo- or azoxy-compounds exports from Germany dropped to X tons, waning by -2.1% on 2021 figures. In general, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports totaled $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 42%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of azo- or azoxy-compounds exports from Germany, together accounting for 66% of total exports. Romania, Spain, Luxembourg, Sudan, Belgium, Austria, Ukraine, the UK, Poland and Russia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +88.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for diazo-, azo- or azoxy-compounds exports from Germany, comprising 40% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.3% share of total exports. It was followed by Belgium, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.2% per year) and Belgium (+6.0% per year).

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, growing by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2020 when the average export price increased by 23%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Netherlands ($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 Austria (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into Germany

In 2022, imports of diazo-, azo- or azoxy-compounds into Germany dropped notably to X tons, shrinking by -15.2% on the previous year's figure. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, azo- or azoxy-compounds imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Indonesia (X tons) and South Korea (X tons) were the main suppliers of azo- or azoxy-compounds imports to Germany, together comprising 73% of total imports. Belgium, the United States, Hong Kong SAR, Italy, Latvia and Spain lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +156.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest azo- or azoxy-compounds suppliers to Germany were China ($X), Indonesia ($X) and the United States ($X), with a combined 63% share of total imports. Belgium, South Korea, Hong Kong SAR, Latvia, Italy and Spain lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +103.3%, saw the highest growth rate of 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 2022, the average azo- or azoxy-compounds import price amounted to $X per ton, increasing by 25% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, azo- or azoxy-compounds import price increased by +36.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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