Greece: Market for Organic Derivatives Of Hydrazine Or Of Hydroxylamine 2024

Market Size for Organic Derivatives Of Hydrazine Or Of Hydroxylamine in Greece

The Greek hydrazine and hydroxylamine derivatives market fell rapidly to $X in 2022, with a decrease of -31.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a significant expansion. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Exports from Greece

In 2022, shipments abroad of organic derivatives of hydrazine or of hydroxylamine decreased by -26.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2015 when exports increased by 98% against the previous year. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, hydrazine and hydroxylamine derivatives exports rose notably to $X in 2022. Over the period under review, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 126% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Serbia (X tons), Italy (X tons) and Romania (X tons) were the main destinations of hydrazine and hydroxylamine derivatives exports from Greece, with a combined 55% share of total exports. Bosnia and Herzegovina, Albania, Bulgaria and Cyprus lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +41.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for organic derivatives of hydrazine or of hydroxylamine exports from Greece, comprising 24% of total exports. The second position in the ranking was held by Serbia ($X), with an 11% share of total exports. It was followed by Bosnia and Herzegovina, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+51.0% per year) and Bosnia and Herzegovina (+73.0% per year).

Export Prices by Country

The average hydrazine and hydroxylamine derivatives export price stood at $X per ton in 2022, picking up by 48% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Serbia ($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 Bosnia and Herzegovina (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

Imports into Greece

Hydrazine and hydroxylamine derivatives imports into Greece reduced dramatically to X tons in 2022, waning by -35.3% compared with the previous year's figure. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 1,288% against the previous year. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, hydrazine and hydroxylamine derivatives imports rose significantly to $X in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 255%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest hydrazine and hydroxylamine derivatives supplier to Greece, with a 85% share of total imports. Moreover, hydrazine and hydroxylamine derivatives imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +108.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+40.1% per year) and Germany (+18.4% per year).

In value terms, France ($X) constituted the largest supplier of organic derivatives of hydrazine or of hydroxylamine to Greece, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +96.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+98.9% per year) and the Netherlands (+64.1% per year).

Import Prices by Country

In 2022, the average hydrazine and hydroxylamine derivatives import price amounted to $X per ton, rising by 76% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 85% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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