EU: Polyurethanes Market 2024

Polyurethanes Market Size in the EU

In 2023, the EU polyurethanes market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption continues to indicate a slight decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Polyurethanes Production in the EU

In value terms, polyurethanes production dropped to $X in 2023 estimated in export price. Overall, production recorded a slight downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Polyurethanes Exports

Exports in the EU

In 2023, the amount of polyurethanes in primary forms exported in the European Union reduced remarkably to X tons, which is down by X% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, polyurethanes exports contracted to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then fell in the following year.

Exports by Country

Germany was the major exporting country with an export of about X tons, which reached X% of total exports. Italy (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%), the Netherlands (X%), Spain (X%) and France (X%). Greece (X tons) took a relatively small share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of polyurethanes in primary forms. At the same time, Greece (X%), Belgium (X%), France (X%) and Spain (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Germany, Belgium and Greece increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest polyurethanes supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Polyurethanes Imports

Imports in the EU

Polyurethanes imports fell to X tons in 2023, which is down by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, polyurethanes imports shrank to $X in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Germany (X tons) and Italy (X tons) represented roughly X% of total imports in 2023. Spain (X tons) took the next position in the ranking, followed by France (X tons), Belgium (X tons), the Netherlands (X tons) and Poland (X tons). All these countries together took near X% share of total imports. Austria (X tons), the Czech Republic (X tons), Portugal (X tons), Romania (X tons), Sweden (X tons) and Hungary (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyurethanes importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), together accounting for X% of total imports. Spain, the Netherlands, Poland, Belgium, Austria, the Czech Republic, Sweden, Romania, Portugal and Hungary lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform