Portugal: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Portugal

The Portuguese aromatic monoamines market rose slightly to $X in 2021, increasing by 3.7% against the previous year. In general, consumption, however, saw a abrupt curtailment. Aromatic monoamines consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aromatic Monoamines Production in Portugal

In value terms, aromatic monoamines production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 142% against the previous year. Aromatic monoamines production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Aromatic Monoamines Exports

Exports from Portugal

In 2021, approx. X kg of other aromatic monoamines and their derivatives, salts thereof were exported from Portugal; waning by -76.7% compared with the previous year. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 26,050% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, aromatic monoamines exports fell significantly to $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 111,680% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X kg) was the main destination for aromatic monoamines exports from Portugal, accounting for a 68% share of total exports. Moreover, aromatic monoamines exports to Morocco exceeded the volume sent to the second major destination, Angola (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Morocco amounted to -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+1.1% per year) and Cabo Verde (+12.2% per year).

In value terms, Morocco ($X) emerged as the key foreign market for other aromatic monoamines and their derivatives, salts thereof exports from Portugal, comprising 96% of total exports. The second position in the ranking was held by Angola ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Morocco totaled -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-1.2% per year) and Cabo Verde (+2.5% per year).

Export Prices by Country

The average aromatic monoamines export price stood at $X per ton in 2021, with an increase of 77% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 1,681%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Morocco ($X per ton), while the average price for exports to Angola ($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 Tunisia (+32.5%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Monoamines Imports

Imports into Portugal

In 2021, after two years of decline, there was significant growth in overseas purchases of other aromatic monoamines and their derivatives, salts thereof, when their volume increased by 18% to X tons. Overall, imports saw a significant increase. The growth pace was the most rapid in 2018 with an increase of 460% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic monoamines imports fell rapidly to $X in 2021. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 389%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of aromatic monoamines to Portugal, with a 93% share of total imports. It was followed by Spain (X tons), with a 2.4% share of total imports. The third position in this ranking was taken by France (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +64.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.0% per year) and France (+21.6% per year).

In value terms, China ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to Portugal, comprising 59% of total imports. The second position in the ranking was taken by India ($X), with a 14% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.2% per year) and France (-3.5% per year).

Import Prices by Country

In 2021, the average aromatic monoamines import price amounted to $X per ton, reducing by -32.1% against the previous year. Over the period under review, the import price showed a precipitous decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 164% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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