Benelux: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Benelux

After two years of growth, the Benelux aromatic polyamines market decreased by -9.3% to $X in 2021. The market value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Aromatic Polyamines Production in Benelux

In value terms, aromatic polyamines production contracted to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 90% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Aromatic Polyamines Exports

Exports in Benelux

In 2021, after two years of decline, there was significant growth in overseas shipments of aromatic polyamines and their derivatives, salts thereof, when their volume increased by 19% to X tons. The total export volume increased at an average annual rate of +3.1% 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 2017 with an increase of 30% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, aromatic polyamines exports soared to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 33%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium dominates exports structure, amounting to X tons, which was near 95% of total exports in 2021. It was distantly followed by the Netherlands (X tons), comprising a 4.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to aromatic polyamines exports from Belgium stood at +2.7%. At the same time, the Netherlands (+18.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +18.6% from 2012-2021. The Netherlands (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -3.4% from 2012 to 2021, respectively.

In value terms, Belgium ($X) remains the largest aromatic polyamines supplier in Benelux, comprising 86% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium amounted to +1.0%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, increasing by 6.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 7.5% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.0%).

Aromatic Polyamines Imports

Imports in Benelux

In 2021, approx. X tons of aromatic polyamines and their derivatives, salts thereof were imported in Benelux; increasing by 14% compared with the previous year's figure. Over the period under review, imports, however, saw a noticeable downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, aromatic polyamines imports soared to $X in 2021. Overall, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2020 when imports increased by 28%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium was the main importer of aromatic polyamines and their derivatives, salts thereof in Benelux, with the volume of imports accounting for X tons, which was approx. 71% of total imports in 2021. It was distantly followed by the Netherlands (X tons), comprising a 25% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to aromatic polyamines imports into Belgium stood at -7.4%. At the same time, the Netherlands (+12.2%) and Luxembourg (+4.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +12.2% from 2012-2021. From 2012 to 2021, the share of the Netherlands and Luxembourg increased by +19 and +2.1 percentage points, respectively.

In value terms, Belgium ($X), the Netherlands ($X) and Luxembourg ($X) constituted the countries with the highest levels of imports in 2021.

Among the main importing countries, the Netherlands, with a CAGR of +12.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, growing by 1.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2016 an increase of 37% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform