Eastern Asia: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Eastern Asia

In 2021, the East Asian amine-function compounds market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the market value increased by 9.6%. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Amine-Function Compounds Production in Eastern Asia

In value terms, amine-function compounds production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Amine-Function Compounds Exports

Exports in Eastern Asia

In 2021, shipments abroad of amine-function compounds increased by 30% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, amine-function compounds exports soared to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 84% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a 9% share, followed by South Korea (5.8%).

China was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of +7.7% from 2012 to 2021. South Korea and Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +12 percentage points.

In value terms, China ($X) remains the largest amine-function compounds supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.7%. In the other countries, the average annual rates were as follows: Japan (+2.9% per year) and South Korea (+1.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 13%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Amine-Function Compounds Imports

Imports in Eastern Asia

In 2021, overseas purchases of amine-function compounds were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), South Korea (X tons) and Japan (X tons) represented the largest importer of amine-function compounds in Eastern Asia, comprising 91% of total import. It was distantly followed by Taiwan (Chinese) (X tons), constituting an 8.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +2.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, with a combined 92% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +5.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, rising by 8.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 13%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in South Korea ($X per ton) and China ($X per ton), while Taiwan (Chinese) ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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