Overview of the Global Market for Compounds With Other Nitrogen Function (Excluding Isocyanates)

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

The global market for compounds with other nitrogen function (excluding isocyanates) shrank to $X in 2022, reducing by -10% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -23.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates)

In value terms, compounds with other nitrogen function production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 69%. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +42.9% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 36%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, China (X tons) was the major exporter of compounds with other nitrogen function (excluding isocyanates), achieving 61% of total exports. The United States (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Germany (6.5%) and the UK (5.8%). Thailand (X tons) and Spain (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to compounds with other nitrogen function exports from China stood at +2.6%. At the same time, Thailand (+41.1%), the United States (+11.3%), Germany (+8.6%), the UK (+6.8%) and Spain (+4.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +41.1% from 2012-2022. From 2012 to 2022, the share of the United States, Thailand, Germany and the UK increased by +6, +3.5, +2.6 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest compounds with other nitrogen function supplier worldwide, comprising 43% of global exports. The second position in the ranking was held by the United States ($X), with a 12% share of global exports. It was followed by Germany, with a 5.5% share.

In China, compounds with other nitrogen function exports expanded at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+11.8% per year) and Germany (+5.1% 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, growing by 23% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 export price increased by +55.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% against the previous year. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Thailand ($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 (+4.5%), while the other global leaders experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports

In 2022, purchases abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -5.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Global imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, compounds with other nitrogen function imports expanded significantly to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of compounds with other nitrogen function imports in 2022 were the Netherlands (X tons), the United States (X tons) and Germany (X tons), together resulting at 37% of total import. It was distantly followed by Brazil (X tons), committing a 6.7% share of total imports. South Africa (X tons), Turkey (X tons), Canada (X tons), Pakistan (X tons), Japan (X tons), Kyrgyzstan (X tons), Myanmar (X tons), Argentina (X tons) and the UK (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +104.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) worldwide, comprising 23% of global imports. The second position in the ranking was taken by Japan ($X), with a 10% share of global imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +11.6%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+14.3% per year) and the Netherlands (+7.2% per year).

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, with an increase of 20% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +66.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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