MENA: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in MENA

The MENA's aromatic monoamines market rose significantly to $X in 2021, increasing by 14% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Aromatic Monoamines Production in MENA

In value terms, aromatic monoamines production rose notably to $X in 2021 estimated in export price. The total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 59% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Aromatic Monoamines Exports

Exports in MENA

In 2021, shipments abroad of other aromatic monoamines and their derivatives, salts thereof decreased by -20.4% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 1,063% 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 lower figure.

In value terms, aromatic monoamines exports shrank significantly to $X in 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 241%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of other aromatic monoamines and their derivatives, salts thereof, namely Israel, the United Arab Emirates, Turkey and Saudi Arabia, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +19.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest aromatic monoamines supplying countries in MENA were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined 94% share of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of +16.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, dropping by -8.2% against the previous year. In general, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 319%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the other leaders experienced a decline in the export price figures.

Aromatic Monoamines Imports

Imports in MENA

Aromatic monoamines imports expanded remarkably to X tons in 2021, increasing by 7.6% against 2020. In general, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, aromatic monoamines imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Turkey (X tons) was the largest importer of other aromatic monoamines and their derivatives, salts thereof, constituting 46% of total imports. It was distantly followed by Israel (X tons), Iran (X tons) and the United Arab Emirates (X tons), together comprising a 48% share of total imports. Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic monoamines importing markets in MENA were Turkey ($X), Israel ($X) and Iran ($X), together accounting for 88% of total imports.

In terms of the main importing countries, Iran, with a CAGR of +11.4%, saw 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

In 2021, the import price in MENA amounted to $X per ton, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2013 when the import price increased by 33%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform