EU: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in the EU

In 2021, the EU aromatic polyamines market decreased by -27% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, showed a pronounced descent. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Aromatic Polyamines Production in the EU

In value terms, aromatic polyamines production stood at $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.2% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 77% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Aromatic Polyamines Exports

Exports in the EU

In 2021, shipments abroad of aromatic polyamines and their derivatives, salts thereof was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic polyamines exports surged to $X in 2021. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) and Germany (X tons) dominates exports structure, together comprising 83% of total exports. It was distantly followed by Slovakia (X tons), generating a 7.7% share of total exports. Hungary (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic polyamines supplying countries in the European Union were Belgium ($X), Germany ($X) and Slovakia ($X), with a combined 84% share of total exports. These countries were followed by the Netherlands and Hungary, which together accounted for a further 8.3%.

The Netherlands, with a CAGR of +23.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by 15%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Aromatic Polyamines Imports

Imports in the EU

In 2021, after three years of decline, there was significant growth in overseas purchases of aromatic polyamines and their derivatives, salts thereof, when their volume increased by 22% to X tons. Overall, imports, however, saw a pronounced downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic polyamines imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a mild shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main importer of aromatic polyamines and their derivatives, salts thereof, mixing up 34% of total imports. Belgium (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Spain (9.5%), Italy (6.6%), the Netherlands (5%) and France (4.8%). Poland (X tons), Slovakia (X tons), Portugal (X tons), Romania (X tons), the Czech Republic (X tons) and Hungary (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to aromatic polyamines imports into Germany stood at +1.9%. At the same time, Romania (+23.5%), Slovakia (+13.3%), Portugal (+13.1%), the Netherlands (+12.2%), Hungary (+10.7%), the Czech Republic (+4.1%) and Spain (+1.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +23.5% from 2012-2021. By contrast, Italy (-1.6%), France (-4.0%), Belgium (-7.4%) and Poland (-20.1%) illustrated a downward trend over the same period. Germany (+12 p.p.), the Netherlands (+3.6 p.p.), Slovakia (+3.2 p.p.), Romania (+3.2 p.p.), Spain (+2.9 p.p.), Portugal (+2.8 p.p.) and the Czech Republic (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Belgium and Poland saw its share reduced by -8.3% and -22.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported aromatic polyamines and their derivatives, salts thereof in the European Union, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by Belgium, with an 8.7% share.

In Germany, aromatic polyamines imports expanded at an average annual rate of +1.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Spain (-2.3% per year) and Belgium (-7.0% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 7.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the 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 France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :