China: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in China

After three years of growth, the Chinese oxygen-function amino-compound market decreased by -16.6% to $X in 2021. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then contracted sharply in the following year.

Oxygen-Function Amino-Compound Production in China

In value terms, oxygen-function amino-compound production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% 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 2014 with an increase of 17%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank slightly in the following year.

Oxygen-Function Amino-Compound Exports

Exports from China

Oxygen-function amino-compound exports from China rose notably to X tons in 2021, with an increase of 6.7% compared with the previous year. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 29%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, oxygen-function amino-compound exports soared to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +10.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.3% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), the United States (X tons) and India (X tons) were the main destinations of oxygen-function amino-compound exports from China, together accounting for 29% of total exports. Brazil, Russia, Belgium, Spain, Germany, South Korea, Vietnam, Japan, Thailand and Indonesia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +31.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and the Netherlands ($X) were the largest markets for oxygen-function amino-compound exported from China worldwide, together comprising 35% of total exports. Japan, Germany, South Korea, Brazil, Russia, Spain, Belgium, Thailand, Vietnam and Indonesia lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Russia, with a CAGR of +21.9%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, with an increase of 27% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Vietnam ($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 India (+2.1%), while the prices for the other major destinations experienced a decline.

Oxygen-Function Amino-Compound Imports

Imports into China

After four years of growth, overseas purchases of oxygen-function amino-compounds decreased by -21.7% to X tons in 2021. The total import 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 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, oxygen-function amino-compound imports expanded markedly to $X in 2021. The total import value 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. The growth pace was the most rapid in 2018 with an increase of 16%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of oxygen-function amino-compound to China, with a 41% share of total imports. Moreover, oxygen-function amino-compound imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.4% per year) and Thailand (+2.0% per year).

In value terms, the United States ($X), Saudi Arabia ($X) and France ($X) appeared to be the largest oxygen-function amino-compound suppliers to China, together comprising 35% of total imports.

France, with a CAGR of +32.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oxygen-function amino-compound import price stood at $X per ton in 2021, rising by 43% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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