Luxembourg: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Luxembourg

The Luxembourg amine-function compounds market rose markedly to $X in 2021, growing by 7.4% 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, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Luxembourg

In 2021, approx. X tons of amine-function compounds were exported from Luxembourg; dropping by -33.4% on 2020 figures. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 670%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, amine-function compounds exports declined sharply to $X in 2021. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 89% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for amine-function compounds exports from Luxembourg, with a 99% share of total exports. It was followed by Belgium (X kg), with a 0.7% share of total exports. The third position in this ranking was held by Germany (X kg), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-14.5% per year) and Germany (-37.6% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for amine-function compounds exports from Luxembourg, comprising 97% of total exports. The second position in the ranking was held by Belgium ($X), with a 2% share of total exports. It was followed by Germany, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-8.4% per year) and Germany (-30.5% per year).

Export Prices by Country

In 2021, the average amine-function compounds export price amounted to $X per ton, surging by 4.2% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Amine-Function Compounds Imports

Imports into Luxembourg

In 2021, supplies from abroad of amine-function compounds decreased by -22.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 55%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 83%. As a result, imports attained the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of amine-function compounds to Luxembourg, with a 52% share of total imports. Moreover, amine-function compounds imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +76.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+0.2% per year) and France (+38.8% per year).

In value terms, the largest amine-function compounds suppliers to Luxembourg were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising 89% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +109.8%, 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, picking up by 67% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($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 States (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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