Ireland: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Ireland

The Irish aromatic monoamines market surged to $X in 2021, picking up by 36% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Aromatic Monoamines Production in Ireland

In value terms, aromatic monoamines production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 60%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Aromatic Monoamines Exports

Exports from Ireland

In 2021, exports of other aromatic monoamines and their derivatives, salts thereof from Ireland reduced dramatically to X tons, waning by -65.8% compared with the previous year's figure. Overall, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2014 when exports increased by 145%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aromatic monoamines exports reduced notably to $X in 2021. Over the period under review, exports saw a significant decline. The pace of growth appeared the most rapid in 2014 when exports increased by 210%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for aromatic monoamines exports from Ireland, with a 45% share of total exports. Moreover, aromatic monoamines exports to Switzerland exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland totaled -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+2.7% per year) and Belgium (+99.5% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for other aromatic monoamines and their derivatives, salts thereof exports from Ireland, comprising 53% of total exports. The second position in the ranking was held by Belgium ($X), with a 16% share of total exports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled -33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+103.2% per year) and Brazil (+14.9% per year).

Export Prices by Country

In 2021, the average aromatic monoamines export price amounted to $X per kg, with a decrease of -29.5% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 68% against the previous year. The export price peaked at $X per kg in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per kg), while the average price for exports to China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Monoamines Imports

Imports into Ireland

Aromatic monoamines imports into Ireland surged to X tons in 2021, jumping by 521% on 2020 figures. Overall, imports continue to indicate a measured increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aromatic monoamines imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by 123% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest aromatic monoamines supplier to Ireland, accounting for a 61% share of total imports. Moreover, aromatic monoamines imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +37.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Italy (+75.7% per year).

In value terms, the largest aromatic monoamines suppliers to Ireland were China ($X), India ($X) and Japan ($X), together comprising 78% of total imports. These countries were followed by Switzerland, Italy, the UK and the United States, which together accounted for a further 21%.

The UK, with a CAGR of +43.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 monoamines import price stood at $X per ton in 2021, dropping by -64.4% against the previous year. Overall, the import price faced a abrupt decrease. The growth pace was the most rapid in 2016 an increase of 119%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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