Iran: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Iran

The Iranian aromatic monoamines market soared to $X in 2021, jumping by 31% 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). In general, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Aromatic Monoamines Exports

Exports from Iran

In 2021, overseas shipments of other aromatic monoamines and their derivatives, salts thereof decreased by -3.4% to X tons, falling for the fifth consecutive year after five years of growth. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 128%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, aromatic monoamines exports contracted slightly to $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 130% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for aromatic monoamines exports from Iran, with a 96% share of total exports. Moreover, aromatic monoamines exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +36.4%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for other aromatic monoamines and their derivatives, salts thereof exports from Iran, comprising 83% of total exports. The second position in the ranking was taken by Oman ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +42.9%.

Export Prices by Country

The average aromatic monoamines export price stood at $X per ton in 2021, rising by 3.2% against the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 95%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+32.2%).

Aromatic Monoamines Imports

Imports into Iran

In 2021, the amount of other aromatic monoamines and their derivatives, salts thereof imported into Iran soared to X tons, with an increase of 26% on the previous year. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 290%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, aromatic monoamines imports surged to $X in 2021. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 151% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aromatic monoamines to Iran, with a 81% share of total imports. Moreover, aromatic monoamines imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.4% per year) and India (+13.4% per year).

In value terms, China ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to Iran, comprising 58% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by Turkey, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.4% per year) and Turkey (+7.5% per year).

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, increasing by 6.8% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The growth pace was the most rapid in 2015 when the average import price increased by 78%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($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 United Arab Emirates (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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