Germany: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Germany

In 2021, the German aromatic hydrocarbons derivatives market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a buoyant expansion. Aromatic hydrocarbons derivatives consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Production in Germany

In value terms, aromatic hydrocarbons derivatives production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a perceptible downturn. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from Germany

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons exported from Germany fell slightly to X tons, leveling off at the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 12%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives exports dropped to $X in 2021. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 23%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Belgium (X tons) and Japan (X tons) were the main destinations of aromatic hydrocarbons derivatives exports from Germany, together accounting for 70% of total exports. India, Italy, Switzerland, Taiwan (Chinese), France, Spain, the UK, China and South Korea lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +7.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic hydrocarbons derivatives exported from Germany were the United States ($X), Taiwan (Chinese) ($X) and Japan ($X), together comprising 46% of total exports. Belgium, China, India, South Korea, Italy, Switzerland, France, the UK and Spain lagged somewhat behind, together comprising a further 45%.

In terms of the main countries of destination, India, with a CAGR of +7.3%, saw 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

In 2021, the average aromatic hydrocarbons derivatives export price amounted to $X per ton, dropping by -8% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+34.1%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Hydrocarbons Derivatives Imports

Imports into Germany

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were imported into Germany; surging by 11% against the year before. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, aromatic hydrocarbons derivatives imports reduced to $X in 2021. Over the period under review, total imports indicated a buoyant increase 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, imports decreased by -21.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of aromatic hydrocarbons derivatives imports to Germany, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +11.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and Poland ($X) appeared to be the largest aromatic hydrocarbons derivatives suppliers to Germany, together comprising 80% of total imports.

Among the main suppliers, Belgium, with a CAGR of +12.5%, 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

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2021, waning by -13.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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