Asia-Pacific: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Asia-Pacific

After two years of decline, the Asia-Pacific amine-function compounds market increased by 2.8% to $X in 2021. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Amine-Function Compounds Production in Asia-Pacific

In value terms, amine-function compounds production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. 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-Pacific

In 2021, overseas shipments of amine-function compounds increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern 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.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 was the largest exporter of amine-function compounds in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. 72% of total exports in 2021. India (X tons) ranks second in terms of the total exports with an 11% share, followed by Japan (7.7%) and South Korea (5%). The Philippines (X tons) followed a long way behind the leaders.

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%) and India (+4.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +47.9% from 2012-2021. South Korea and Japan experienced a relatively flat trend pattern. China (+23 p.p.) and the Philippines (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -1.6% and -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest amine-function compounds supplier in Asia-Pacific, comprising 64% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports. It was followed by Japan, with an 11% share.

In China, amine-function compounds exports expanded at an average annual rate of +6.7% over the period from 2012-2021. 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. The level of export peaked 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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the other leaders experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports in Asia-Pacific

In 2021, purchases abroad of amine-function compounds was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, amine-function compounds imports surged to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; 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.

Imports by Country

In 2021, India (X tons), distantly followed by China (X tons), South Korea (X tons), Japan (X tons) and Singapore (X tons) represented the key importers of amine-function compounds, together achieving 78% of total imports. Taiwan (Chinese) (X tons), Thailand (X tons), Indonesia (X tons), Australia (X tons), Pakistan (X tons) and Malaysia (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading 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) appeared to be the countries with the highest levels of imports in 2021, with a combined 60% share of total imports. These countries were followed by Japan, Taiwan (Chinese), Thailand, Singapore, Indonesia, Australia, Pakistan and Malaysia, which together accounted for a further 35%.

Pakistan, with a CAGR of +22.0%, saw the highest growth rate of the value of imports, in terms of 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-Pacific stood at $X per ton in 2021, growing by 14% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained 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 South Korea ($X per ton), while Malaysia ($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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