Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives Market

Driven by increasing demand worldwide, the market for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives is expected to grow steadily from 2022 to 2030. Consumption and production volumes are projected to increase, with key players like India and China leading the market. Import and export trends also play a significant role in shaping the global market landscape, with prices fluctuating over the years.

Market Forecast

Driven by increasing demand for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 376K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $5.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Global consumption of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives declined significantly to 320K tons in 2022, with a decrease of -15.6% on the previous year. The total consumption volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak volume of 379K tons, and then fell markedly in the following year.

The size of the market for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives worldwide dropped to $4.3B in 2022, reducing by -5.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $4.6B, and then dropped in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (82K tons), China (59K tons) and the UK (22K tons), together accounting for 51% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of derivatives, amongst the main consuming countries, was attained by India (with a CAGR of +14.7%), while derivatives for the other global leaders experienced more modest paces of growth.

In value terms, the largest aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives markets worldwide were China ($670M), Japan ($404M) and India ($378M), together comprising 33% of the global market.

India, with a CAGR of +10.6%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while derivatives for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of per capita consumption of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives was registered in the UK (318 kg per 1000 persons), followed by Canada (146 kg per 1000 persons), Japan (136 kg per 1000 persons) and South Korea (109 kg per 1000 persons), while the world average per capita consumption of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives was estimated at 40 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the per capita consumption of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives in the UK was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (-2.1% per year) and Japan (-1.3% per year).

Production

World Production of Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

In 2022, global production of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives declined sharply to 353K tons, with a decrease of -16.9% on 2021 figures. In general, production, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 99%. As a result, production reached the peak volume of 552K tons. From 2020 to 2022, global production of growth remained at a somewhat lower figure.

In value terms, production of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives dropped to $4.5B in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. As a result, production reached the peak level of $5.5B. From 2020 to 2022, global production of growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were India (123K tons), China (80K tons) and the UK (17K tons), together accounting for 62% of global production.

From 2012 to 2022, the most notable rate of growth in terms of derivatives, amongst the main producing countries, was attained by India (with a CAGR of +31.7%), while derivatives for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

In 2022, supplies from abroad of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -0.9% to 66K tons, falling for the fifth consecutive year after two years of growth. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 9.7%. As a result, imports reached the peak of 121K tons. From 2018 to 2022, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives rose sharply to $877M in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 29%. Over the period under review, global imports of reached the maximum at $1.3B in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, China (9.7K tons), followed by the United States (6K tons), Germany (4.8K tons), the UK (4.4K tons), Italy (3.8K tons), Japan (3.4K tons), Turkey (3.2K tons), South Korea (3.1K tons) and India (3K tons) were the key importers of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives, together generating 63% of total imports. The following importers - Spain (2.9K tons), Russia (2.1K tons), Brazil (2.1K tons) and Belgium (2K tons) - together made up 14% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (with a CAGR of +12.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($93M), the United States ($86M) and Germany ($75M) constituted the countries with the highest levels of imports in 2022, together comprising 29% of global imports. South Korea, Italy, Turkey, Japan, Brazil, India, Spain, Russia, Belgium and the UK lagged somewhat behind, together comprising a further 38%.

Turkey, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives amounted to $13,317 per ton, increasing by 6.5% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by +32.5% against 2018 indices. The growth pace was the most rapid in 2015 when the average import price increased by 28%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($19,127 per ton), while the UK ($2,318 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aromatic Ethers And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Global exports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives declined to 98K tons in 2022, reducing by -11.6% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 188% against the previous year. As a result, the exports reached the peak of 378K tons. From 2020 to 2022, the growth of the global exports of remained at a somewhat lower figure.

In value terms, exports of aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives stood at $838M in 2022. Over the period under review, exports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 7.3%. The global exports peaked at $1.3B in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

India (44K tons) and China (30K tons) dominates derivatives structure, together achieving 75% of total exports. It was distantly followed by the United States (4.7K tons), constituting a 4.7% share of total exports. Germany (4.1K tons), the Netherlands (3.4K tons), Japan (2.5K tons), France (1.8K tons), Italy (1.7K tons), Saudi Arabia (1.6K tons) and Spain (1.5K tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +21.4%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($470M) remains the largest aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives supplier worldwide, comprising 56% of global exports. The second position in the ranking was taken by India ($102M), with a 12% share of global exports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.0%. In the other countries, the average annual rates were as follows: India (+4.8% per year) and Germany (-20.1% per year).

Export Prices By Country

The average export price for aromatic ethers and their halogenated, sulphonated, nitrated or nitrosated derivatives stood at $8,506 per ton in 2022, rising by 18% against the previous year. Overall, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 170% against the previous year. The global export price peaked at $23,139 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Japan ($21,283 per ton), while India ($2,349 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform