Netherlands: Hydantoin Market 2024

Hydantoin Market Size in the Netherlands

The Dutch hydantoin market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Hydantoin consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Hydantoin Production in the Netherlands

In value terms, hydantoin production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 174%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hydantoin Exports

Exports from the Netherlands

In 2022, hydantoin exports from the Netherlands reduced dramatically to X tons, with a decrease of -39.4% compared with the previous year. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 170% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, hydantoin exports dropped to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 123% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and Switzerland (X tons) were the main destinations of hydantoin exports from the Netherlands, together comprising 51% of total exports. Romania, Belgium, Israel, Thailand, Italy, Finland, Poland, Sweden, South Korea and Colombia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +76.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United States ($X) and China ($X) appeared to be the largest markets for hydantoin exported from the Netherlands worldwide, together comprising 55% of total exports.

China, with a CAGR of +74.5%, 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

In 2022, the average hydantoin export price amounted to $X per ton, increasing by 49% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Switzerland ($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 Sweden (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hydantoin Imports

Imports into the Netherlands

In 2022, overseas purchases of hydantoin and its derivatives decreased by -20.9% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 417%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hydantoin imports contracted to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 453%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hydantoin to the Netherlands, accounting for a 58% share of total imports. Moreover, hydantoin imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +64.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.5% per year) and Spain (+29.2% per year).

In value terms, China ($X) constituted the largest supplier of hydantoin and its derivatives to the Netherlands, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and Spain (+41.0% per year).

Import Prices by Country

The average hydantoin import price stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 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 Taiwan (Chinese) ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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