Germany: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Germany

For the third year in a row, the German aromatic polyamines market recorded decline in sales value, which decreased by -6.1% to $X in 2021. Overall, consumption recorded a slight 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 Germany

In value terms, aromatic polyamines production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight slump. Aromatic polyamines production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Aromatic Polyamines Exports

Exports from Germany

In 2021, overseas shipments of aromatic polyamines and their derivatives, salts thereof increased by 40% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded 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. The total export value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for aromatic polyamines exports from Germany, accounting for a 38% share of total exports. Moreover, aromatic polyamines exports to Belgium exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+48.0% per year) and the United States (+13.2% per year).

In value terms, Belgium ($X) remains the key foreign market for aromatic polyamines and their derivatives, salts thereof exports from Germany, comprising 20% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.8% share of total exports. It was followed by Switzerland, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.9% per year) and Switzerland (+30.2% per year).

Export Prices by Country

In 2021, the average aromatic polyamines export price amounted to $X per ton, increasing by 23% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Germany

In 2021, after four years of decline, there was significant growth in purchases abroad of aromatic polyamines and their derivatives, salts thereof, when their volume increased by 18% to X tons. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, aromatic polyamines imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Japan (X tons) were the main suppliers of aromatic polyamines imports to Germany, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Belgium ($X) appeared to be the largest aromatic polyamines suppliers to Germany, with a combined 69% share of total imports.

Belgium, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aromatic polyamines import price stood at $X per ton in 2021, picking up by 4.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, average import prices reached the peak figure 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 supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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