On July 22nd, the AIB published its Annual Report for the year 2021, alongside the (almost) final 2021 statistics for EECS Production and Transaction.

Please be aware that these results do not fully reflect the 2021 demand, given that we used Production and not Transaction statistics, for the comparison with the Supply side.

Although the figures might slightly evolve in the weeks to come, we have decided to provide you with a summary of the 2021 statistics and what is our take on this, in the light of the first seven months of 2022 and of the markets’ movements.

This analysis will be divided into three parts: we first focus on the Supply side (Issuances), then the Demand side (Cancellations) and we end with the Interactions between Supply and Demand, both within a country or between two countries (imports and exports).