Northern America: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Northern America

The North American aromatic monoamines market fell sharply to $X in 2021, with a decrease of -37.4% against the previous year. Overall, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Aromatic Monoamines Production in Northern America

In value terms, aromatic monoamines production declined to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.7% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 79%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Aromatic Monoamines Exports

Exports in Northern America

In 2021, shipments abroad of other aromatic monoamines and their derivatives, salts thereof increased by 23% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic monoamines exports amounted to $X in 2021. In general, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States was the major exporter of other aromatic monoamines and their derivatives, salts thereof in Northern America, with the volume of exports accounting for X tons, which was near 82% of total exports in 2021. It was distantly followed by Canada (X tons), achieving an 18% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to aromatic monoamines exports from the United States stood at +1.8%. At the same time, Canada (+4.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.9% from 2012-2021. From 2012 to 2021, the share of Canada increased by +3.7 percentage points.

In value terms, the United States ($X) remains the largest aromatic monoamines supplier in Northern America, comprising 90% of total exports. The second position in the ranking was taken by Canada ($X), with a 10% share of total exports.

In the United States, aromatic monoamines exports decreased by an average annual rate of -4.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, dropping by -17.3% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.4%).

Aromatic Monoamines Imports

Imports in Northern America

In 2021, imports of other aromatic monoamines and their derivatives, salts thereof in Northern America reduced slightly to X tons, falling by -2.6% compared with 2020. In general, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2016 when imports increased by 5.7% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, aromatic monoamines imports totaled $X in 2021. Over the period under review, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 11% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States was the main importer of other aromatic monoamines and their derivatives, salts thereof in Northern America, with the volume of imports recording X tons, which was near 79% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 21% share of total imports.

The United States was also the fastest-growing in terms of the other aromatic monoamines and their derivatives, salts thereof imports, with a CAGR of -2.9% from 2012 to 2021. Canada (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +2.4 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported other aromatic monoamines and their derivatives, salts thereof in Northern America, comprising 72% of total imports. The second position in the ranking was held by Canada ($X), with a 28% share of total imports.

In the United States, aromatic monoamines imports decreased by an average annual rate of -4.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, increasing by 4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.5%).

Source: IndexBox Platform

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