Hydrazine And Hydroxylamine Derivatives Market

The article delves into the increasing demand for organic derivatives of hydrazine and hydroxylamine worldwide, predicting a steady growth trend in consumption, production, imports, and exports up to 2030. The forecasted market volume is expected to reach 193K tons by the end of 2030, with a projected value of $4B. The top consuming, producing, importing, and exporting countries, as well as the growth trends and fluctuations in prices, are thoroughly analyzed and highlighted in the article.

Market Forecast

Driven by increasing demand for organic derivatives of hydrazine or of hydroxylamine worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market volume to 193K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

In 2022, consumption of organic derivatives of hydrazine or of hydroxylamine was finally on the rise to reach 143K tons for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 145K tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

The global hydrazine and hydroxylamine derivatives market value was estimated at $2.7B in 2022, with an increase of 7.2% 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). In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in years to come.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (25K tons), the United States (17K tons) and Germany (9.7K tons), together comprising 36% of global consumption. Russia, India, Brazil, Turkey, the Netherlands, Iran, the UK, France, South Korea and Japan lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +15.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($353M), China ($211M) and Germany ($183M) appeared to be the countries with the highest levels of market value in 2022, together comprising 28% of the global market. Russia, the United States, France, the Netherlands, India, South Korea, Japan, Iran, the UK and Turkey lagged somewhat behind, together comprising a further 20%.

The Netherlands, 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 market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of hydrazine and hydroxylamine derivatives per capita consumption in 2022 were the Netherlands (205 kg per 1000 persons), Germany (117 kg per 1000 persons) and Turkey (52 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +14.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

In 2022, production of organic derivatives of hydrazine or of hydroxylamine increased by 2.9% to 145K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 25% against the previous year. Global production peaked in 2022 and is expected to retain growth in years to come.

In value terms, hydrazine and hydroxylamine derivatives production stood at $2B in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 38%. Global production peaked at $2B in 2020; afterwards, it flattened through to 2022.

Production By Country

China (51K tons) constituted the country with the largest volume of hydrazine and hydroxylamine derivatives production, accounting for 35% of total volume. Moreover, hydrazine and hydroxylamine derivatives production in China exceeded the figures recorded by the second-largest producer, the United States (23K tons), twofold. India (17K tons) ranked third in terms of total production with a 12% share.

In China, hydrazine and hydroxylamine derivatives production increased at an average annual rate of +9.9% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.6% per year) and India (+5.7% per year).

Imports

World Imports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

For the fifth year in a row, the global market recorded growth in supplies from abroad of organic derivatives of hydrazine or of hydroxylamine, which increased by 7.7% to 100K tons in 2022. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; 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 15%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, hydrazine and hydroxylamine derivatives imports rose notably to $2B in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +53.2% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 22% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports By Country

The countries with the highest levels of hydrazine and hydroxylamine derivatives imports in 2022 were the Netherlands (8.7K tons), Germany (8.5K tons), India (8.3K tons), Brazil (7.3K tons), the United States (6.9K tons) and Switzerland (6.9K tons), together amounting to 47% of total import. It was followed by Belgium (4.5K tons), constituting a 4.6% share of total imports. China (4.5K tons), France (3.3K tons), South Korea (2.8K tons), Spain (2.7K tons), the United Arab Emirates (2.6K tons) and Italy (2.5K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +20.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($371M), Switzerland ($254M) and the United States ($185M) constituted the countries with the highest levels of imports in 2022, together comprising 40% of global imports. Italy, Germany, China, the Netherlands, France, Belgium, India, Spain, South Korea and the United Arab Emirates lagged somewhat behind, together accounting for a further 42%.

In terms of the main importing countries, China, with a CAGR of +24.0%, recorded the highest growth rate of the value of imports, 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 hydrazine and hydroxylamine derivatives import price amounted to $20,111 per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 11%. Global import price peaked at $21,557 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($63,043 per ton), while the United Arab Emirates ($2,351 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Organic Derivatives Of Hydrazine Or Of Hydroxylamine

For the eighth consecutive year, the global market recorded growth in shipments abroad of organic derivatives of hydrazine or of hydroxylamine, which increased by 5.8% to 102K tons in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +62.2% against 2012 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, hydrazine and hydroxylamine derivatives exports declined to $1.6B in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 15%. Over the period under review, the global exports reached the maximum at $1.6B in 2021, and then contracted modestly in the following year.

Exports By Country

In 2022, China (31K tons), distantly followed by India (18K tons), the United States (13K tons), Japan (7.8K tons), Switzerland (7.2K tons) and the Netherlands (5.3K tons) were the largest exporters of organic derivatives of hydrazine or of hydroxylamine, together achieving 80% of total exports. Germany (3.5K tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +13.0%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest hydrazine and hydroxylamine derivatives supplying countries worldwide were Switzerland ($501M), China ($332M) and India ($194M), together comprising 66% of global exports.

Among the main exporting countries, India, with a CAGR of +21.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average hydrazine and hydroxylamine derivatives export price amounted to $15,456 per ton, falling by -5.7% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. As a result, the export price reached the peak level of $21,234 per ton. From 2015 to 2022, the average export prices remained 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 Switzerland ($69,516 per ton), while the United States ($3,992 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform