Asia: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Asia

In 2021, the Asian amine-function compounds market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Amine-Function Compounds Production in Asia

In value terms, amine-function compounds production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Amine-Function Compounds Exports

Exports in Asia

In 2021, overseas shipments of amine-function compounds were finally on the rise to reach X tons after two years of decline. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near 66% of total exports in 2021. It was distantly followed by India (X tons), Saudi Arabia (X tons), Japan (X tons) and South Korea (X tons), together comprising a 29% share of total exports. The Philippines (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to amine-function compounds exports from China stood at +7.7%. At the same time, the Philippines (+47.9%), Saudi Arabia (+9.1%) and India (+4.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +47.9% from 2012-2021. South Korea and Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of China, the Philippines and Saudi Arabia increased by +8.7, +2.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest amine-function compounds supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.7%. In the other countries, the average annual rates were as follows: India (+7.2% per year) and Japan (+2.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, rising by 12% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 13%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.1%), while the other leaders experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports in Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of amine-function compounds, when their volume increased by 13% to X tons. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, amine-function compounds imports soared to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons), distantly followed by China (X tons), South Korea (X tons) and Japan (X tons) represented the key importers of amine-function compounds, together comprising 69% of total imports. The following importers - Singapore (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), Indonesia (X tons), Turkey (X tons), Israel (X tons), the United Arab Emirates (X tons), Pakistan (X tons) and Malaysia (X tons) - together made up 26% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +21.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 57% of total imports. Japan, Taiwan (Chinese), Thailand, Singapore, Turkey, Indonesia, Pakistan, Israel, the United Arab Emirates and Malaysia lagged somewhat behind, together accounting for a further 37%.

In terms of the main importing countries, Pakistan, with a CAGR of +22.0%, 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

In 2021, the import price in Asia amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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