Hydrazine And Hydroxylamine Market

The hydrazine and hydroxylamine market is set to experience a decline in consumption over the next eight years, with a slight decrease in market performance. The global market is forecasted to decrease to 156K tons by 2030, with a CAGR of -0.1% in terms of volume. However, in value terms, the market is expected to contract by +2.0% to $803M by 2030. Spain leads the consumption and production of hydrazine and hydroxylamine, while India dominates as the key importer. Overall, global consumption and production are on an upward trend, with noticeable fluctuations in prices and volumes amongst the major importing and exporting countries.

Market Forecast

The hydrazine and hydroxylamine market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.1% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 156K tons by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market value to $803M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hydrazine And Hydroxylamine And Their Inorganic Salts

In 2022, consumption of hydrazine and hydroxylamine and their inorganic salts increased by 0.8% to 158K tons, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a strong expansion. Global consumption peaked in 2022 and is expected to retain growth in years to come.

The global hydrazine and hydroxylamine market revenue reached $683M in 2022, with an increase of 7.9% 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). Overall, consumption saw buoyant growth. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in years to come.

Consumption By Country

The country with the largest volume of hydrazine and hydroxylamine consumption was Spain (68K tons), accounting for 43% of total volume. Moreover, hydrazine and hydroxylamine consumption in Spain exceeded the figures recorded by the second-largest consumer, India (29K tons), twofold. The United States (7.4K tons) ranked third in terms of total consumption with a 4.7% share.

In Spain, hydrazine and hydroxylamine consumption expanded at an average annual rate of +59.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+6.0% per year) and the United States (-0.2% per year).

In value terms, Spain ($316M) led the market, alone. The second position in the ranking was held by India ($116M). It was followed by the United States.

In Spain, the hydrazine and hydroxylamine market increased at an average annual rate of +61.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+8.7% per year) and the United States (+3.9% per year).

In 2022, the highest levels of hydrazine and hydroxylamine per capita consumption was registered in Spain (1,432 kg per 1000 persons), followed by Belgium (376 kg per 1000 persons), Belarus (340 kg per 1000 persons) and Switzerland (290 kg per 1000 persons), while the world average per capita consumption of hydrazine and hydroxylamine was estimated at 20 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the hydrazine and hydroxylamine per capita consumption in Spain totaled +58.8%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Belgium (+3.2% per year) and Belarus (+6.3% per year).

Production

World Production of Hydrazine And Hydroxylamine And Their Inorganic Salts

In 2022, production of hydrazine and hydroxylamine and their inorganic salts decreased by less than 0.1% to 156K tons for the first time since 2019, thus ending a two-year rising trend. In general, production, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 78%. As a result, production reached the peak volume of 157K tons, leveling off in the following year.

In value terms, hydrazine and hydroxylamine production stood at $332M in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Global production peaked in 2022 and is expected to retain growth in the immediate term.

Production By Country

The country with the largest volume of hydrazine and hydroxylamine production was Spain (67K tons), accounting for 43% of total volume. Moreover, hydrazine and hydroxylamine production in Spain exceeded the figures recorded by the second-largest producer, Germany (27K tons), threefold. The third position in this ranking was taken by China (21K tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume in Spain totaled -1.3%. In the other countries, the average annual rates were as follows: Germany (-2.0% per year) and China (+0.4% per year).

Imports

World Imports of Hydrazine And Hydroxylamine And Their Inorganic Salts

In 2022, the amount of hydrazine and hydroxylamine and their inorganic salts imported worldwide rose rapidly to 92K tons, picking up by 8.1% against the previous year's figure. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, hydrazine and hydroxylamine imports soared to $413M in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +73.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

India represented the key importer of hydrazine and hydroxylamine and their inorganic salts in the world, with the volume of imports amounting to 30K tons, which was near 32% of total imports in 2022. It was distantly followed by Belgium (10K tons) and the United States (8.3K tons), together committing a 20% share of total imports. Germany (3.9K tons), Taiwan (Chinese) (3.6K tons), China (3.1K tons), Japan (2.9K tons), Poland (2.8K tons), Switzerland (2.6K tons), Turkey (2.5K tons), South Korea (2.5K tons), Ireland (2K tons) and the Netherlands (1.8K tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydrazine and hydroxylamine imports into India stood at +6.2%. At the same time, Belgium (+25.8%), Poland (+11.8%), Taiwan (Chinese) (+8.1%), Turkey (+7.8%) and Switzerland (+5.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +25.8% from 2012-2022. Ireland, Japan, Germany and South Korea experienced a relatively flat trend pattern. By contrast, the United States (-1.3%), the Netherlands (-2.7%) and China (-5.7%) illustrated a downward trend over the same period. While the share of Belgium (+9.4 p.p.), India (+8.1 p.p.) and Poland (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the Netherlands (-1.6 p.p.), Germany (-1.6 p.p.), China (-4.8 p.p.) and the United States (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($133M) constitutes the largest market for imported hydrazine and hydroxylamine and their inorganic salts worldwide, comprising 32% of global imports. The second position in the ranking was held by the United States ($57M), with a 14% share of global imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +9.7%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+3.8% per year) and Germany (+8.7% per year).

Import Prices By Country

The average hydrazine and hydroxylamine import price stood at $4,512 per ton in 2022, increasing by 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($6,927 per ton), while Belgium ($1,465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hydrazine And Hydroxylamine And Their Inorganic Salts

In 2022, shipments abroad of hydrazine and hydroxylamine and their inorganic salts increased by 6.6% to 90K tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, hydrazine and hydroxylamine exports soared to $383M in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by +68.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

Germany (24K tons) and China (22K tons) represented the key exporters of hydrazine and hydroxylamine and their inorganic salts in 2022, recording approx. 26% and 24% of total exports, respectively. France (10K tons) held the next position in the ranking, followed by Belgium (10K tons), Japan (8.2K tons) and South Korea (6.8K tons). All these countries together took near 39% share of total exports. Belarus (1.8K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +22.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest hydrazine and hydroxylamine supplying countries worldwide were Germany ($133M), China ($69M) and France ($66M), with a combined 70% share of global exports. South Korea, Japan, Belgium and Belarus lagged somewhat behind, together comprising a further 21%.

Among the main exporting countries, Belgium, with a CAGR of +25.8%, saw 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

The average hydrazine and hydroxylamine export price stood at $4,234 per ton in 2022, rising by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. 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 France ($6,342 per ton), while Belarus ($1,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform