India: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in India

The Indian amine-function compounds market soared to $X in 2021, rising by 30% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.8% against 2018 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Amine-Function Compounds Production in India

In value terms, amine-function compounds production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.3% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 51% against the previous year. Amine-function compounds production peaked at $X in 2020, and then shrank modestly in the following year.

Amine-Function Compounds Exports

Exports from India

In 2021, exports of amine-function compounds from India expanded rapidly to X tons, increasing by 10% against 2020 figures. Overall, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 24%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.8% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of amine-function compounds exports from India, together accounting for 47% of total exports. Japan, Germany, Spain, Brazil, Belgium, South Korea, Bangladesh, the United Arab Emirates, Taiwan (Chinese) and Mexico lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +33.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amine-function compounds exported from India were China ($X), the United States ($X) and the Netherlands ($X), with a combined 45% share of total exports. Germany, Japan, Spain, South Korea, Belgium, Brazil, Mexico, Taiwan (Chinese), Bangladesh and the United Arab Emirates lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Bangladesh, with a CAGR of +24.1%, 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

In 2021, the average amine-function compounds export price amounted to $X per ton, growing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into India

In 2021, approx. X tons of amine-function compounds were imported into India; with an increase of 19% against the year before. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +16.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest amine-function compounds supplier to India, accounting for a 48% share of total imports. Moreover, amine-function compounds imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+14.6% per year) and Belgium (+14.8% per year).

In value terms, China ($X) constituted the largest supplier of amine-function compounds to India, comprising 59% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total imports. It was followed by Belgium, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+21.1% per year) and Belgium (+17.0% per year).

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, rising by 30% against the previous year. In general, the import price, however, showed a mild decrease. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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