Eastern Asia: Aromatic Monoamines Market 2025

Aromatic Monoamines Market Size in Eastern Asia

In 2021, the East Asian aromatic monoamines market decreased by -1.7% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, saw a slight setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Aromatic Monoamines Production in Eastern Asia

In value terms, aromatic monoamines production declined slightly to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of 16%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Aromatic Monoamines Exports

Exports in Eastern Asia

In 2021, shipments abroad of other aromatic monoamines and their derivatives, salts thereof increased by 14% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, aromatic monoamines exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. 93% of total exports in 2021. It was distantly followed by South Korea (X tons), making up a 6% share of total exports.

China was also the fastest-growing in terms of the other aromatic monoamines and their derivatives, salts thereof exports, with a CAGR of +4.5% from 2012 to 2021. South Korea (-2.2%) illustrated a downward trend over the same period. While the share of China (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest aromatic monoamines supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was taken by South Korea ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.1%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 2.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 21%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while South Korea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%).

Aromatic Monoamines Imports

Imports in Eastern Asia

In 2021, overseas purchases of other aromatic monoamines and their derivatives, salts thereof increased by 32% to X tons, rising for the fifth year in a row after four years of decline. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.9% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic monoamines imports dropped to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 -2.6% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 38%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

South Korea was the largest importer of other aromatic monoamines and their derivatives, salts thereof in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 54% of total imports in 2021. China (X tons) took the second position in the ranking, distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons). All these countries together took near 46% share of total imports.

South Korea was also the fastest-growing in terms of the other aromatic monoamines and their derivatives, salts thereof imports, with a CAGR of +8.0% from 2012 to 2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. China (-3.2%) illustrated a downward trend over the same period. While the share of South Korea (+20 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-2.1 p.p.), Japan (-2.7 p.p.) and China (-15.5 p.p.) displayed negative dynamics.

In value terms, the largest aromatic monoamines importing markets in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), together comprising 95% of total imports.

Among the main importing countries, South Korea, with a CAGR of +13.4%, saw 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

The import price in Eastern Asia stood at $X per ton in 2021, which is down by -25.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 43% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 China (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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