Monophenols market in Germany

Earlier Report Observations

The market volume for monophenols in Germany showed notable fluctuations between 2018 and 2022. After maintaining a stable level near 833 thousand tonnes in 2018 and 831 thousand tonnes in 2019, consumption dropped significantly to 720 thousand tonnes in 2020. A strong rebound followed in 2021, lifting the market to 857 thousand tonnes, before it declined again to 704 thousand tonnes in 2022.

Subsequent years saw the market influenced by evolving industry dynamics. Growing consumer focus on health and wellness boosted interest in dietary supplements containing polyphenols, which depend on phenolic raw materials. Major players like BASF SE launched new plant-based supplement ranges, while acquisitions such as Keurig Dr Pepper's purchase of GHOST pointed to continued corporate activity. Regulatory steps to reduce plastic pollution also encouraged a shift toward mono-material packaging, affecting packaging requirements for phenolic products.

Production monophenols in Germany

In value, 2017-2020, M $ US

In Germany, the production value of monophenols reached 327.1 million US dollars in 2020, marking a moderate increase of 9.5% compared to the previous year. Over the period from 2017 to 2020, production grew by 6.4%, which translates to an average annual growth rate of 2.1%. The lowest value was recorded in 2019 at 298.8 million US dollars, while the highest was in 2018 at 337.9 million US dollars. The largest decline occurred in 2019 with an 11.6% drop, and the largest increase was in 2018 with a 10.0% rise.

Annual dynamics of production in Germany in value, 2017-2020, M $ US

In kind, 2017-2020, K t

Germany's monophenols production has declined for the third year in a row. In 2020, the country produced 510.4 thousand tonnes, reflecting a significant decrease of 10.5% compared to 2019. From 2017 to 2020, production fell by 16.8%, with a compound annual growth rate of -5.9%.

Annual dynamics of production in Germany in kind, 2017-2020, K t

Exports monophenols from Germany

Exports in kind, K t

In 2020, Germany exported 53.4 thousand tonnes of monophenols, showing a modest increase of 4.3% over the previous year. Between 2017 and 2020, exports decreased by 4.8%, equivalent to an annualized decline of 1.6%. The lowest volume was in 2019 at 51.2 thousand tonnes, while the highest was in 2018 at 56.6 thousand tonnes. The largest drop occurred in 2019 with a 9.6% reduction.

Annual dynamics of product's exports from Germany in kind, 2017-2020, K t

From 2017 to 2020, the geographical distribution of monophenols exports from Germany was highly diverse. The United Kingdom accounted for 18.9% of exports, Japan for 10.3%, and Spain for 7.5%, together making up only 36.7% of total flows. The remaining 63.3% was spread across numerous smaller trading partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, M $ US

Germany's monophenols exports in value terms amounted to 195.4 million US dollars in 2020, indicating a limited increase of 9.3% compared to the previous year. Over the 2017-2020 period, exports grew by 16.2%, with a compound annual growth rate of 5.1%. The largest decline was recorded in 2019 with a 2.7% decrease.

Annual dynamics of product's exports from Germany in value, 2017-2020, M $ US

The market base for Germany's monophenols exports in value terms was broad from 2017 to 2020. The United Kingdom contributed 18.5% of exports, Japan 9.4%, and India 8.5%, collectively accounting for just 36.4% of total flows. The remaining 63.6% was distributed among many other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports monophenols to Germany

Imports in kind, K t

Germany's monophenols imports have declined for the third consecutive year. In 2020, imports totaled 262.8 thousand tonnes, down by 15.7% compared to 2019. From 2017 to 2020, imports decreased by 24.2%, which corresponds to an annualized decline of 8.8%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, K t

Between 2017 and 2020, the main sources for Germany's monophenols imports in volume terms were Belgium, with 58.0% of imports, Spain with 9.6%, and France with 7.8%. Together, these three countries represented 75.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, M $ US

Germany's monophenols imports have fallen for the second year in a row. In 2020, imports were valued at 315.0 million US dollars, showing a substantial drop of 20.7% versus the previous year. Over the 2017-2020 period, imports decreased by 35.5%, equating to an annualized decline of 13.6%. The highest value was recorded in 2018 at 505.4 million US dollars. The largest decline occurred in 2019 with a 21.4% decrease, while the largest increase was in 2018 with a 3.5% rise.

Annual dynamics of product's imports to Germany in value, 2017-2020, M $ US

From 2017 to 2020, Belgium was the leading market for Germany's monophenols imports in value terms, accounting for 39.7% of imports. The United States followed with 18.3%, and Switzerland with 9.1%. Combined, these three countries made up 67.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020