Asia-Pacific: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Asia-Pacific

The Asia-Pacific aromatic polyamines market was estimated at $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Aromatic Polyamines Production in Asia-Pacific

In value terms, aromatic polyamines production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 18%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Aromatic Polyamines Exports

Exports in Asia-Pacific

In 2021, after three years of decline, there was significant growth in shipments abroad of aromatic polyamines and their derivatives, salts thereof, when their volume increased by 29% to X tons. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic polyamines exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.2% 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.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. 71% of total exports in 2021. South Korea (X tons) held the second position in the ranking, followed by India (X tons) and Japan (X tons). All these countries together held near 27% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to aromatic polyamines exports from China stood at +2.8%. At the same time, Japan (+3.4%) and India (+2.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +3.4% from 2012-2021. By contrast, South Korea (-2.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +4.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aromatic polyamines supplier in Asia-Pacific, comprising 65% of total exports. The second position in the ranking was held by India ($X), with a 13% share of total exports. It was followed by Japan, with an 11% share.

In China, aromatic polyamines exports increased at an average annual rate of +4.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+5.6% per year) and Japan (+3.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. As a result, the export 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 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 (+3.4%), while the other leaders experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of aromatic polyamines and their derivatives, salts thereof was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, aromatic polyamines imports soared to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Japan (X tons), Thailand (X tons), India (X tons), China (X tons) and Indonesia (X tons) represented roughly 86% of total imports in 2021. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 54% share of total imports. These countries were followed by Thailand, China, Indonesia and Taiwan (Chinese), which together accounted for a further 34%.

In terms of the main importing countries, Thailand, with a CAGR of +12.4%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2018 when the import price increased by 16% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and China ($X per ton), while Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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