Netherlands: Polyurethanes Market 2024

Polyurethanes Market Size in the Netherlands

In 2021, the Dutch polyurethanes market decreased by -7.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed a remarkable increase. Polyurethanes consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Polyurethanes Production in the Netherlands

In value terms, polyurethanes production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 35% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Polyurethanes Exports

Exports from the Netherlands

In 2021, overseas shipments of polyurethanes in primary forms were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 22%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, polyurethanes exports surged to $X in 2021. The total export value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), India (X tons) and Italy (X tons) were the main destinations of polyurethanes exports from the Netherlands, with a combined 41% share of total exports. These countries were followed by Spain, China, the United States, Bangladesh, the UK, France, Turkey, Belgium, Singapore and Denmark, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +77.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyurethanes exported from the Netherlands were Germany ($X), Bangladesh ($X) and India ($X), with a combined 37% share of total exports.

In terms of the main countries of destination, Bangladesh, with a CAGR of +95.5%, saw the highest rates of growth with regard to 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 polyurethanes export price amounted to $X per ton, jumping by 25% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyurethanes export price increased by +71.5% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Bangladesh ($X per ton), while the average price for exports to Singapore ($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 Belgium (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into the Netherlands

In 2021, overseas purchases of polyurethanes in primary forms increased by 18% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyurethanes imports skyrocketed to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of polyurethanes to the Netherlands, with a 40% share of total imports. Moreover, polyurethanes imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the UK (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.6% per year) and the UK (+13.5% per year).

In value terms, Germany ($X) constituted the largest supplier of polyurethanes in primary forms to the Netherlands, comprising 37% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports. It was followed by the UK, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.5% per year) and the UK (+10.2% per year).

Import Prices by Country

The average polyurethanes import price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 the United States ($X per ton), while the price for Spain ($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 United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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