Belgium: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Belgium

The Belgian aromatic monoamines market soared to $X in 2021, jumping by 370% against the previous year. In general, consumption saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aromatic Monoamines Production in Belgium

In value terms, aromatic monoamines production surged to $X in 2021 estimated in export price. Over the period under review, production showed tangible growth. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Aromatic Monoamines Exports

Exports from Belgium

After four years of growth, overseas shipments of other aromatic monoamines and their derivatives, salts thereof decreased by -16.9% to X tons in 2021. Overall, exports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2020 when exports increased by 79%. As a result, the exports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, aromatic monoamines exports rose rapidly to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 219% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for aromatic monoamines exports from Belgium, accounting for a 49% share of total exports. Moreover, aromatic monoamines exports to the United States exceeded the volume sent to the second major destination, France (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.5% per year) and Germany (+6.5% per year).

In value terms, Germany ($X), France ($X) and the United States ($X) constituted the largest markets for aromatic monoamines exported from Belgium worldwide, together comprising 78% of total exports.

Among the main countries of destination, Germany, with a CAGR of +25.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average aromatic monoamines export price amounted to $X per ton, rising by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 320%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 Germany (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Monoamines Imports

Imports into Belgium

In 2021, supplies from abroad of other aromatic monoamines and their derivatives, salts thereof decreased by -11.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 350% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, aromatic monoamines imports declined to $X in 2021. Overall, imports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 126% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest aromatic monoamines supplier to Belgium, accounting for a 63% share of total imports. Moreover, aromatic monoamines imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.3% per year) and Italy (+103.7% per year).

In value terms, the United States ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to Belgium, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.0% per year) and Italy (+101.6% per year).

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, with an increase of 3.3% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 122%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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