Netherlands: Isocyanates Market 2024

Isocyanates Market Size in the Netherlands

In 2022, the Dutch isocyanates market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Isocyanates Production in the Netherlands

In value terms, isocyanates production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Isocyanates production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Isocyanates Exports

Exports from the Netherlands

In 2022, approx. X tons of isocyanates were exported from the Netherlands; with a decrease of X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, isocyanates exports fell to $X in 2022. In general, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main destinations of isocyanates exports from the Netherlands, together accounting for X% of total exports. The UK, Turkey, Belgium, Russia, Brazil and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for isocyanates exported from the Netherlands were Italy ($X), Germany ($X) and France ($X), together accounting for X% of total exports. The UK, Turkey, Belgium, Russia, Brazil and Spain lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, 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 isocyanates export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Belgium ($X per ton), while the average price for exports to Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Isocyanates Imports

Imports into the Netherlands

Isocyanates imports into the Netherlands fell sharply to X tons in 2022, with a decrease of X% against 2021 figures. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, isocyanates imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and South Korea (X tons) were the main suppliers of isocyanates imports to the Netherlands, with a combined X% share of total imports. China, Japan, the United States, Hungary and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Belgium ($X) and the United States ($X) constituted the largest isocyanates suppliers to the Netherlands, together comprising X% of total imports. China, South Korea, Japan, Hungary and France lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average isocyanates import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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