World - Diazo-, Azo- Or Azoxy-Compounds - Market Analysis, Forecast, Size, Trends And Insights
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Global market for diazo-, azo- or azoxy-compounds is expected to grow steadily over the next eight years, driven by increasing demand worldwide. By 2030, market volume is projected to reach 261K tons and value to $2.1B. China, India, and the United States are top consumers and producers, with significant growth rates. The article also discusses trends in imports and exports, with price variations among different countries.
Market Forecast
Driven by increasing demand for diazo-, azo- or azoxy-compounds worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 261K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market value to $2.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Diazo-, Azo- Or Azoxy-Compounds
In 2022, consumption of diazo-, azo- or azoxy-compounds increased by 3.9% to 225K tons, rising for the second consecutive year after two years of decline. Overall, consumption recorded a mild expansion. Over the period under review, global consumption hit record highs at 226K tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.
The global azo- or azoxy-compounds market size amounted to $1.6B in 2022, rising by 3.1% 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). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market hit record highs at $1.6B in 2013; afterwards, it flattened through to 2022.
Consumption By Country
The country with the largest volume of azo- or azoxy-compounds consumption was China (55K tons), comprising approx. 25% of total volume. Moreover, azo- or azoxy-compounds consumption in China exceeded the figures recorded by the second-largest consumer, India (26K tons), twofold. The third position in this ranking was taken by the United States (16K tons), with a 6.9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +3.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+4.3% per year) and the United States (+3.0% per year).
In value terms, India ($263M), China ($154M) and Russia ($122M) constituted the countries with the highest levels of market value in 2022, together accounting for 35% of the global market. The United States, Mexico, Germany, South Korea, Brazil, Japan, Italy, Vietnam, Indonesia and Turkey lagged somewhat behind, together accounting for a further 26%.
Among the main consuming countries, Brazil, with a CAGR of +9.7%, recorded the highest rates of growth with regard to market size 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 azo- or azoxy-compounds per capita consumption in 2022 were Italy (85 kg per 1000 persons), Turkey (72 kg per 1000 persons) and Germany (69 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +5.1%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Diazo-, Azo- Or Azoxy-Compounds
In 2022, global azo- or azoxy-compounds production shrank to 222K tons, dropping by -1.9% compared with the year before. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38% against the previous year. Global production peaked at 234K tons in 2019; however, from 2020 to 2022, production failed to regain momentum.
In value terms, azo- or azoxy-compounds production dropped to $1.3B in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. As a result, production attained the peak level of $1.7B. From 2014 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
China (135K tons) constituted the country with the largest volume of azo- or azoxy-compounds production, comprising approx. 61% of total volume. Moreover, azo- or azoxy-compounds production in China exceeded the figures recorded by the second-largest producer, Indonesia (22K tons), sixfold. India (22K tons) ranked third in terms of total production with a 10% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +1.9%. In the other countries, the average annual rates were as follows: Indonesia (-0.1% per year) and India (+3.1% per year).
Imports
World Imports of Diazo-, Azo- Or Azoxy-Compounds
In 2022, the amount of diazo-, azo- or azoxy-compounds imported worldwide declined to 137K tons, reducing by -5.2% compared with the year before. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports reached the peak of 144K tons, and then shrank in the following year.
In value terms, azo- or azoxy-compounds imports expanded significantly to $759M in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 34%. Global imports peaked in 2022 and are likely to see steady growth in years to come.
Imports By Country
In 2022, South Korea (19K tons), followed by India (11K tons), the United States (11K tons), Japan (7.3K tons), Brazil (7.1K tons), Thailand (6.9K tons) and Germany (6.8K tons) were the major importers of diazo-, azo- or azoxy-compounds, together creating 51% of total imports. Vietnam (6K tons), Indonesia (5.7K tons), Turkey (5.4K tons), Italy (4.8K tons), Taiwan (Chinese) (4.2K tons) and Russia (3.6K tons) took a little share of total imports.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +13.6%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($82M), South Korea ($79M) and India ($48M) constituted the countries with the highest levels of imports in 2022, with a combined 28% share of global imports.
Among the main importing countries, India, with a CAGR of +16.3%, saw 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 azo- or azoxy-compounds import price amounted to $5,549 per ton, increasing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($8,962 per ton), while Russia ($3,889 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.9%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Diazo-, Azo- Or Azoxy-Compounds
Global azo- or azoxy-compounds exports declined to 134K tons in 2022, with a decrease of -13% against 2021. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of 154K tons, and then fell in the following year.
In value terms, azo- or azoxy-compounds exports reached $720M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; 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 35%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.
Exports By Country
China represented the key exporting country with an export of around 82K tons, which recorded 61% of total exports. Indonesia (21K tons) held the second position in the ranking, distantly followed by South Korea (11K tons) and India (7.1K tons). All these countries together took approx. 29% share of total exports. Thailand (2.3K tons) took a minor share of total exports.
From 2012 to 2022, average annual rates of growth with regard to azo- or azoxy-compounds exports from China stood at +1.1%. At the same time, India (+12.3%) and South Korea (+5.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.3% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and South Korea increased by +3.5 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($276M) remains the largest azo- or azoxy-compounds supplier worldwide, comprising 38% of global exports. The second position in the ranking was taken by India ($105M), with a 15% share of global exports. It was followed by Indonesia, with an 11% share.
In China, azo- or azoxy-compounds exports expanded at an average annual rate of +2.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+22.6% per year) and Indonesia (+0.7% per year).
Export Prices By Country
The average azo- or azoxy-compounds export price stood at $5,365 per ton in 2022, rising by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 India ($14,751 per ton), while Thailand ($3,310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global azo- or azoxy-compounds market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20144420 - Diazo-, azo- or azoxy-compounds
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
In value terms, diazo-, azo- and azoxy-compounds imports stood at $X in 2016. Overall, diazo-, azo- and azoxy-compounds imports continue to indicate a relatively flat trend pattern. Over the period...
In value terms, diazo-, azo- and azoxy-compounds exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern remained consi...