Overview of the Market for Oils From Coal Tar in Germany
In value terms, oils from coal tar production expanded modestly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.
The value of the oils from coal tar market in Germany dropped to $ in 2019, falling by -% 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 a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of % year-to-year. Oils from coal tar consumption peaked at $ in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.