Poland: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Poland

The Polish azo- or azoxy-compounds market contracted to $X in 2022, with a decrease of -5.8% against the previous year. Overall, consumption saw a noticeable decline. Azo- or azoxy-compounds consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in Poland

In value terms, azo- or azoxy-compounds production contracted significantly to $X in 2022 estimated in export price. In general, production showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 127%. Azo- or azoxy-compounds production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from Poland

After three years of growth, overseas shipments of diazo-, azo- or azoxy-compounds decreased by -82% to X tons in 2022. In general, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 350%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, azo- or azoxy-compounds exports fell remarkably to $X in 2022. Over the period under review, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 261% against the previous year. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Mexico (X tons) was the main destination for azo- or azoxy-compounds exports from Poland, with a 85% share of total exports. Moreover, azo- or azoxy-compounds exports to Mexico exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. The UK (X kg) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-6.7% per year) and the UK (-12.8% per year).

In value terms, Mexico ($X) emerged as the key foreign market for diazo-, azo- or azoxy-compounds exports from Poland, comprising 82% of total exports. The second position in the ranking was held by Ukraine ($X), with a 5.1% share of total exports. It was followed by Russia, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at +59.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-8.7% per year) and Russia (-25.2% per year).

Export Prices by Country

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, picking up by 24% against the previous year. Over the period under review, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 54%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($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 Mexico (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into Poland

In 2022, after two years of growth, there was significant decline in purchases abroad of diazo-, azo- or azoxy-compounds, when their volume decreased by -19.9% to X tons. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 137%. Over the period under review, imports hit record highs at X tons in 2021, and then declined sharply in the following year.

In value terms, azo- or azoxy-compounds imports dropped to $X in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 149%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of azo- or azoxy-compounds to Poland, with a 84% share of total imports. Moreover, azo- or azoxy-compounds imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was held by Spain (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +65.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.9% per year) and Spain (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Poland, comprising 81% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Spain, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +68.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.2% per year) and Spain (+0.1% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, growing by 23% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 60%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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