Argentina: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Argentina

The Argentinian amine-function compounds market skyrocketed to $X in 2021, growing by 19% 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). Over the period under review, consumption, however, saw a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Amine-Function Compounds Exports

Exports from Argentina

In 2021, after two years of decline, there was growth in shipments abroad of amine-function compounds, when their volume increased by 3.8% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 122%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, amine-function compounds exports surged to $X in 2021. In general, exports continue to indicate a notable increase. The growth pace was the most rapid in 2013 when exports increased by 83% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Brazil (X tons) and Chile (X tons) were the main destinations of amine-function compounds exports from Argentina, together comprising 59% of total exports. The Netherlands, Ecuador, Uruguay and Switzerland lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +170.9%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and Chile ($X) were the largest markets for amine-function compounds exported from Argentina worldwide, with a combined 60% share of total exports. Switzerland, Ecuador, the Netherlands and Uruguay lagged somewhat behind, together comprising a further 16%.

The Netherlands, with a CAGR of +67.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average amine-function compounds export price amounted to $X per ton, growing by 24% against the previous year. In general, the export price continues to indicate a temperate expansion. The growth pace was the most rapid in 2017 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Amine-Function Compounds Imports

Imports into Argentina

In 2021, approx. X tons of amine-function compounds were imported into Argentina; rising by 20% compared with the previous year. Over the period under review, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 27%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, amine-function compounds imports soared to $X in 2021. In general, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 25% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and Belgium (X tons) were the main suppliers of amine-function compounds imports to Argentina, together comprising 70% of total imports. These countries were followed by Germany, South Africa, Mexico and Spain, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +21.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) appeared to be the largest amine-function compounds suppliers to Argentina, together accounting for 65% of total imports. Belgium, South Africa, Mexico and Spain lagged somewhat behind, together comprising a further 8%.

Among the main suppliers, Mexico, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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