World demand is moving east.
The Americas have experienced a 12 per cent decline in the period 2014-2019. Although the demand from Central and South America shows an increase in 2019, the decline in demand from North America results in a net loss of 0.4 per cent for the area.
Europe has lost 8 per cent of global demand in the same period and after a slight increase in 2018, the decline continues in 2019.
The slight decline in the Middle East in 2017 is most likely an impact of the changes in the oil price. Future growth in the Middle East still requires a restructuring of the economies away from the dependency on oil and gas.
The most prominent growth area is India showing a 34 per cent increase in the period 2014-2019 and a 16 per cent increase in 2019.
