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

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

In 2022, the Dutch market for compounds with other nitrogen function (excluding isocyanates) decreased by -37.9% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a strong increase. Compounds with other nitrogen function consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, compounds with other nitrogen function production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 9.2% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from the Netherlands

In 2022, exports of compounds with other nitrogen function (excluding isocyanates) from the Netherlands soared to X tons, increasing by 113% compared with the previous year's figure. Over the period under review, exports showed a temperate expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 260% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. In general, exports recorded a slight expansion. The pace of growth appeared the most rapid in 2019 with an increase of 206% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main destinations of compounds with other nitrogen function exports from the Netherlands, together comprising 72% of total exports. Finland, Spain, Greece, the UK and South Korea lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +98.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from the Netherlands, comprising 49% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Belgium, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.4% per year) and Belgium (+10.1% per year).

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, waning by -33.2% against the previous year. In general, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 France (+3.3%), 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 the Netherlands

In 2022, supplies from abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -40.2% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a measured increase. The pace of growth was the most pronounced in 2016 with an increase of 175% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports fell significantly to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 70% against the previous year. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, Belgium (X tons) was the main supplier of compounds with other nitrogen function to the Netherlands, accounting for a 91% share of total imports. Moreover, compounds with other nitrogen function imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-23.5% per year) and China (+2.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to the Netherlands, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 9.6% share of total imports. It was followed by Germany, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.0% per year) and Germany (-18.2% 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, jumping by 17% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +99.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 71%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :