Iran: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Iran

The Iranian amine-function compounds market contracted rapidly to $X in 2021, dropping by -35.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a deep contraction. Amine-function compounds consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Amine-Function Compounds Exports

Exports from Iran

In 2021, the amount of amine-function compounds exported from Iran declined remarkably to X tons, dropping by -22.4% compared with the previous year's figure. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 72% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, amine-function compounds exports fell to $X in 2021. In general, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 64%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for amine-function compounds exports from Iran, accounting for a 53% share of total exports. Moreover, amine-function compounds exports to Egypt exceeded the volume sent to the second major destination, India (X tons), twofold. China (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+9.1% per year) and China (-15.3% per year).

In value terms, Egypt ($X) remains the key foreign market for amine-function compounds exports from Iran, comprising 69% of total exports. The second position in the ranking was held by India ($X), with a 16% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Egypt totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+9.1% per year) and China (-11.2% per year).

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, rising by 12% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, amine-function compounds export price increased by +92.7% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 42%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to China ($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 China (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Amine-Function Compounds Imports

Imports into Iran

In 2021, purchases abroad of amine-function compounds decreased by -50.1% to X tons, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports reduced dramatically to $X in 2021. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of 28% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of amine-function compounds to Iran, accounting for a 35% share of total imports. Moreover, amine-function compounds imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.9% per year) and the United Arab Emirates (-2.1% per year).

In value terms, the largest amine-function compounds suppliers to Iran were China ($X), India ($X) and Germany ($X), with a combined 60% share of total imports. These countries were followed by the United Arab Emirates, Turkey, Malaysia, Taiwan (Chinese), South Korea, Slovakia, Thailand and Japan, which together accounted for a further 18%.

In terms of the main suppliers, Malaysia, with a CAGR of +33.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, rising by 48% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, amine-function compounds import price increased by +66.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Japan ($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 (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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