CIS: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in CIS

The CIS aromatic monoamines market expanded notably to $X in 2021, growing by 12% against the previous year. In general, consumption showed a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Aromatic Monoamines Production in CIS

In value terms, aromatic monoamines production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 25%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Aromatic Monoamines Exports

Exports in CIS

In 2021, shipments abroad of other aromatic monoamines and their derivatives, salts thereof increased by 16% to X tons, rising for the fifth year in a row after three years of decline. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,720%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, aromatic monoamines exports fell sharply to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 752%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

In 2021, Russia (X tons) was the largest exporter of other aromatic monoamines and their derivatives, salts thereof in the CIS, generating 100% of total export.

Russia was also the fastest-growing in terms of the other aromatic monoamines and their derivatives, salts thereof exports, with a CAGR of +32.8% from 2012 to 2021. From 2012 to 2021, the share of Russia increased by +5.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest aromatic monoamines supplier in the CIS.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +25.7%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, which is down by -26.8% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 38%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -5.4% per year.

Aromatic Monoamines Imports

Imports in CIS

Aromatic monoamines imports contracted to X tons in 2021, dropping by -12.5% compared with the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 51%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, aromatic monoamines imports expanded modestly to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.3% against 2017 indices. The pace of growth was the most pronounced in 2020 when imports increased by 34%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Russia represented the key importer of other aromatic monoamines and their derivatives, salts thereof in the CIS, with the volume of imports reaching X tons, which was near 81% of total imports in 2021. It was distantly followed by Belarus (X tons), making up an 18% share of total imports.

Imports into Russia increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Belarus (+33.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +33.5% from 2012-2021. From 2012 to 2021, the share of Belarus increased by +16 percentage points.

In value terms, Russia ($X) constitutes the largest market for imported other aromatic monoamines and their derivatives, salts thereof in the CIS, comprising 83% of total imports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +4.1%.

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2015 when the import price increased by 24%. 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, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.0%).

Source: IndexBox Platform

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