Argentina: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Argentina

The Argentinian aromatic polyamines market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, saw a perceptible slump. Aromatic polyamines consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Aromatic Polyamines Exports

Exports from Argentina

In 2021, overseas shipments of aromatic polyamines and their derivatives, salts thereof decreased by -25.4% to X tons, falling for the third year in a row after two years of growth. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 682%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic polyamines exports totaled $X in 2021. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 436% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

China (X tons), the Netherlands (X tons) and Switzerland (X tons) were the main destinations of aromatic polyamines exports from Argentina, together accounting for 80% of total exports.

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 +153.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic polyamines exported from Argentina were Ecuador ($X), China ($X) and Brazil ($X), with a combined 82% share of total exports. Switzerland and the Netherlands lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, the Netherlands, with a CAGR of +83.4%, saw the highest growth rate of the value of exports, 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 aromatic polyamines export price amounted to $X per ton, growing by 37% against the previous year. Overall, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2016 when the average export price increased by 158%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the Netherlands ($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 China (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Argentina

In 2021, aromatic polyamines imports into Argentina skyrocketed to X tons, with an increase of 31% on 2020 figures. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, aromatic polyamines imports soared to $X in 2021. Overall, imports, however, showed a perceptible shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aromatic polyamines to Argentina, with a 39% share of total imports. Moreover, aromatic polyamines imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-16.9% per year) and Germany (-3.6% per year).

In value terms, China ($X) constituted the largest supplier of aromatic polyamines and their derivatives, salts thereof to Argentina, comprising 46% of total imports. The second position in the ranking was held by Belgium ($X), with a 9% share of total imports. It was followed by Taiwan (Chinese), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-18.4% per year) and Taiwan (Chinese) (+36.4% per year).

Import Prices by Country

In 2021, the average aromatic polyamines import price amounted to $X per ton, growing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2018 an increase of 36%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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