CIS: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in CIS

In 2021, the CIS amine-function compounds market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption continues to indicate a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Amine-Function Compounds Production in CIS

In value terms, amine-function compounds production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Amine-Function Compounds Exports

Exports in CIS

In 2021, shipments abroad of amine-function compounds decreased by -3.7% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 36%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, amine-function compounds exports soared to $X in 2021. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 31%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, recording X tons, which was approx. 98% of total exports in 2021. Moldova (X tons) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of -6.3% from 2012 to 2021. At the same time, Moldova (+15.4%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +15.4% from 2012-2021. While the share of Moldova (+1.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest amine-function compounds supplier in the CIS, comprising 98% of total exports. The second position in the ranking was held by Moldova ($X), with a 1.2% share of total exports.

In Russia, amine-function compounds exports plunged by an average annual rate of -9.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 26% against the previous year. In general, the export price, however, saw a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Moldova amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (-2.8%).

Amine-Function Compounds Imports

Imports in CIS

In 2021, amine-function compounds imports in the CIS dropped to X tons, waning by -12.7% against 2020 figures. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports rose to $X in 2021. In general, imports saw a pronounced contraction. The growth pace was the most rapid in 2017 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, amounting to X tons, which was near 90% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), making up a 5.6% share of total imports. Belarus (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the amine-function compounds imports, with a CAGR of -3.4% from 2012 to 2021. Belarus (-11.3%) and Kazakhstan (-19.6%) illustrated a downward trend over the same period. Russia (+19 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Kazakhstan saw its share reduced by -2% and -17.7% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported amine-function compounds in the CIS, comprising 89% of total imports. The second position in the ranking was held by Belarus ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at -1.6%. In the other countries, the average annual rates were as follows: Belarus (-7.6% per year) and Kazakhstan (-21.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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