Asia: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Asia

The Asian aromatic monoamines market stood at $X in 2021, with an increase of 7.6% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Aromatic Monoamines Production in Asia

In value terms, aromatic monoamines production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Aromatic Monoamines Exports

Exports in Asia

In 2021, overseas shipments of other aromatic monoamines and their derivatives, salts thereof increased by 14% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic monoamines exports surged to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 28%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

China was the key exporter of other aromatic monoamines and their derivatives, salts thereof in Asia, with the volume of exports recording X tons, which was near 81% of total exports in 2021. It was distantly followed by India (X tons) and South Korea (X tons), together mixing up an 18% share of total exports.

China was also the fastest-growing in terms of the other aromatic monoamines and their derivatives, salts thereof exports, with a CAGR of +4.5% from 2012 to 2021. At the same time, India (+3.4%) displayed positive paces of growth. By contrast, South Korea (-2.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aromatic monoamines supplier in Asia, comprising 69% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+9.9% per year) and South Korea (-0.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 when the export price increased by 21% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while South Korea ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports in Asia

In 2021, overseas purchases of other aromatic monoamines and their derivatives, salts thereof increased by 26% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic monoamines imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) and India (X tons) were the largest importers of other aromatic monoamines and their derivatives, salts thereof in Asia, together creating 60% of total imports. China (X tons) took the next position in the ranking, followed by Japan (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons). All these countries together held near 33% share of total imports. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 64% of total imports. Japan, Singapore, Turkey and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

Singapore, with a CAGR of +22.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, dropping by -12.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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