Argentina: Imines Market 2024

Imines Market Size in Argentina

In 2021, the Argentinian imines market decreased by -15.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.2% against 2014 indices. Imines consumption peaked at $X in 2020, and then reduced sharply in the following year.

Imines Exports

Exports from Argentina

In 2021, overseas shipments of imines and their derivatives and salts thereof increased by 85% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 351% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, imines exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 520%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons) was the main destination for imines exports from Argentina, with a 68% share of total exports. Moreover, imines exports to Poland exceeded the volume sent to the second major destination, Finland (X tons), fivefold. Brazil (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+14.3% per year) and Brazil (+33.3% per year).

In value terms, Poland ($X) remains the key foreign market for imines and their derivatives and salts thereof exports from Argentina, comprising 56% of total exports. The second position in the ranking was held by Brazil ($X), with a 23% share of total exports. It was followed by Finland, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Poland totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+43.0% per year) and Finland (+21.4% per year).

Export Prices by Country

In 2021, the average imines export price amounted to $X per ton, falling by -7.1% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imines export price decreased by -34.8% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 58% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to Poland ($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 Colombia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imines Imports

Imports into Argentina

After two years of growth, supplies from abroad of imines and their derivatives and salts thereof decreased by -32.6% to X tons in 2021. In general, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 57%. Imports peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, imines imports reduced modestly to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.4% against 2013 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 46%. Imports peaked at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest imines supplier to Argentina, accounting for a 65% share of total imports. Moreover, imines imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.5% per year) and Mexico (+40.4% per year).

In value terms, India ($X) constituted the largest supplier of imines and their derivatives and salts thereof to Argentina, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 25% share of total imports. It was followed by Mexico, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.3% per year) and Mexico (+60.0% per year).

Import Prices by Country

The average imines import price stood at $X per ton in 2021, increasing by 44% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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