India: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in India

In 2021, the Indian aromatic monoamines market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Aromatic Monoamines Production in India

In value terms, aromatic monoamines production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2016 with an increase of 129% against the previous year. Aromatic monoamines production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Aromatic Monoamines Exports

Exports from India

In 2021, approx. X tons of other aromatic monoamines and their derivatives, salts thereof were exported from India; with an increase of 12% compared with the previous year's figure. In general, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.5% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic monoamines exports soared to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.9% 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 +18.9% against 2013 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 97%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main destinations of aromatic monoamines exports from India, with a combined 63% share of total exports. Japan, South Korea, Turkey, the Netherlands, Switzerland, Taiwan (Chinese), Thailand and Russia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the Netherlands ($X) appeared to be the largest markets for aromatic monoamines exported from India worldwide, with a combined 51% share of total exports. Germany, Japan, Turkey, Switzerland, Taiwan (Chinese), South Korea, Thailand and Russia lagged somewhat behind, together comprising a further 22%.

Among the main countries of destination, Turkey, with a CAGR of +35.6%, saw the highest rates of growth with regard to 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 aromatic monoamines export price amounted to $X per ton, increasing by 14% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic monoamines export price increased by +30.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia ($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 the Netherlands (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports into India

In 2021, approx. X tons of other aromatic monoamines and their derivatives, salts thereof were imported into India; jumping by 16% against the previous year. The total import volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, aromatic monoamines imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aromatic monoamines to India, accounting for a 70% share of total imports. Moreover, aromatic monoamines imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+67.1% per year) and the United States (+19.7% per year).

In value terms, China ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to India, comprising 81% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.2% share of total imports. It was followed by the United States, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+65.4% per year) and the United States (+2.5% per year).

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, picking up by 6.5% against the previous year. In general, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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