Eastern Asia: Aniline Derivatives Market 2024

Aniline Derivatives Market Size in Eastern Asia

The East Asian aniline derivatives market expanded rapidly to $X in 2021, growing by 13% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aniline Derivatives Production in Eastern Asia

In value terms, aniline derivatives production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Aniline Derivatives Exports

Exports in Eastern Asia

Aniline derivatives exports declined remarkably to X tons in 2021, with a decrease of -17.4% against 2020. Over the period under review, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2017 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, aniline derivatives exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period 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 2013 with an increase of 22%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) represented roughly 100% of total exports in 2021.

China experienced a relatively flat trend pattern with regard to volume of exports of aniline derivatives and their salts. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest aniline derivatives supplier in Eastern Asia.

In China, aniline derivatives exports increased at an average annual rate of +2.6% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, jumping by 34% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aniline derivatives export price increased by +28.1% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +1.6% per year.

Aniline Derivatives Imports

Imports in Eastern Asia

Aniline derivatives imports reached X tons in 2021, increasing by 2.7% compared with 2020. The total import volume 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 2013 when imports increased by 30%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, aniline derivatives imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period 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 2013 with an increase of 26%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) represented the major importer of aniline derivatives and their salts, achieving 52% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), Japan (X tons) and South Korea (X tons), together achieving a 48% share of total imports.

China was also the fastest-growing in terms of the aniline derivatives and their salts imports, with a CAGR of +9.3% from 2012 to 2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (-3.2%) illustrated a downward trend over the same period. While the share of China (+21 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-5 p.p.), South Korea (-6.9 p.p.) and Taiwan (Chinese) (-8.6 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported aniline derivatives and their salts in Eastern Asia, comprising 53% of total imports. The second position in the ranking was taken by Japan ($X), with a 24% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

In China, aniline derivatives imports increased at an average annual rate of +9.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.4% per year) and Taiwan (Chinese) (+0.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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