Japan: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Japan

The Japanese aromatic monoamines market fell to $X in 2021, with a decrease of -6.6% against the previous year. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Aromatic Monoamines Production in Japan

In value terms, aromatic monoamines production shrank markedly to $X in 2021 estimated in export price. Overall, production saw a deep contraction. The growth pace was the most rapid in 2019 with an increase of 73%. Aromatic monoamines production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Aromatic Monoamines Exports

Exports from Japan

In 2021, shipments abroad of other aromatic monoamines and their derivatives, salts thereof decreased by -1.3% to X tons, falling for the eighth consecutive year after two years of growth. In general, exports showed a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by 98% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic monoamines exports fell remarkably to $X in 2021. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 69% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for aromatic monoamines exports from Japan, accounting for a 45% share of total exports. Moreover, aromatic monoamines exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, China (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at -18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.9% per year) and Belgium (+50.0% per year).

In value terms, China ($X), South Korea ($X) and Canada ($X) constituted the largest markets for aromatic monoamines exported from Japan worldwide, together accounting for 59% of total exports. These countries were followed by Taiwan (Chinese), Thailand, Singapore, Belgium, the UK, India and Indonesia, which together accounted for a further 16%.

India, with a CAGR of +44.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, dropping by -59% against the previous year. In general, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2017 an increase of 189%. The export price peaked at $X per ton in 2020, and then fell remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 South Korea (+67.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports into Japan

In 2021, overseas purchases of other aromatic monoamines and their derivatives, salts thereof were finally on the rise to reach X tons after two years of decline. In general, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, aromatic monoamines imports contracted remarkably to $X in 2021. Over the period under review, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by 49% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest aromatic monoamines supplier to Japan, with a 54% share of total imports. Moreover, aromatic monoamines imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.3% per year) and India (-2.6% per year).

In value terms, China ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to Japan, comprising 33% of total imports. The second position in the ranking was held by Singapore ($X), with a 12% share of total imports. It was followed by India, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+111.1% per year) and India (+6.1% per year).

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, declining by -25.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 47%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for Germany ($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 (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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