Europe: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Europe

In 2021, the Europe aromatic polyamines market decreased by -23.9% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Aromatic Polyamines Production in Europe

In value terms, aromatic polyamines production expanded significantly to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 -10.9% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 51% 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 Europe

In 2021, after two years of decline, there was significant growth in overseas shipments of aromatic polyamines and their derivatives, salts thereof, when their volume increased by 26% to X tons. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic polyamines exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs 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) prevails in exports structure, together achieving 78% of total exports. Slovakia (X tons) ranks next in terms of the total exports with a 7.2% share, followed by Switzerland (5.6%). 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, Belgium ($X), Germany ($X) and Switzerland ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 76% of total exports. These countries were followed by Slovakia, the Netherlands and Hungary, which together accounted for a further 15%.

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

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, picking up by 12% against the previous year. In general, the export price, however, showed a mild decline. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 Europe

In 2021, purchases abroad of aromatic polyamines and their derivatives, salts thereof increased by 21% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a perceptible downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic polyamines imports surged to $X in 2021. Overall, imports, however, showed a mild descent. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) represented the key importer of aromatic polyamines and their derivatives, salts thereof, constituting 30% of total imports. It was distantly followed by Belgium (X tons), Spain (X tons), Russia (X tons) and Italy (X tons), together creating a 33% share of total imports. The Netherlands (X tons), France (X tons), Poland (X tons), Slovakia (X tons), Portugal (X tons), Romania (X tons), the Czech Republic (X tons) and Switzerland (X tons) followed a long way behind the leaders.

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%), Russia (+5.9%), the Czech Republic (+4.1%) and Spain (+1.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of +23.5% from 2012-2021. By contrast, Italy (-1.6%), Switzerland (-3.9%), France (-4.0%), Belgium (-7.4%) and Poland (-20.1%) illustrated a downward trend over the same period. While the share of Germany (+9.9 p.p.), Russia (+3.4 p.p.), the Netherlands (+3.1 p.p.), Slovakia (+2.8 p.p.), Romania (+2.8 p.p.), Spain (+2.5 p.p.) and Portugal (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-7.4 p.p.) and Poland (-19.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported aromatic polyamines and their derivatives, salts thereof in Europe, comprising 30% of total imports. The second position in the ranking was taken by Spain ($X), with a 9.3% share of total imports. It was followed by Belgium, with a 7.4% 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 Europe amounted to $X per ton, surging by 7.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform