Russian Federation: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in the Russian Federation

The Russian aromatic monoamines market was finally on the rise to reach $X in 2021, after four years of decline. Overall, consumption continues to indicate a abrupt decrease. Aromatic monoamines consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Aromatic Monoamines Production in the Russian Federation

In value terms, aromatic monoamines production rose rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. The growth pace was the most rapid in 2016 when the production volume increased by 33% against the previous year. 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 the Russian Federation

For the third year in a row, Russia recorded growth in shipments abroad of other aromatic monoamines and their derivatives, salts thereof, which increased by 16% to X tons in 2021. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,503% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, aromatic monoamines exports declined to $X in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,137%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Belarus (X tons) was the main destination for aromatic monoamines exports from Russia, accounting for a 96% share of total exports. It was followed by the Czech Republic (X tons), with a 2.3% share of total exports. Uzbekistan (X tons) ranked third in terms of total exports with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus totaled +121.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Uzbekistan (-25.8% per year).

In value terms, Belarus ($X) remains the key foreign market for other aromatic monoamines and their derivatives, salts thereof exports from Russia, comprising 89% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 6.2% share of total exports. It was followed by Uzbekistan, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus amounted to +103.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Uzbekistan (-21.7% per year).

Export Prices by Country

In 2021, the average aromatic monoamines export price amounted to $X per ton, shrinking by -26.7% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Belarus ($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 Uzbekistan (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Monoamines Imports

Imports into the Russian Federation

In 2021, approx. X tons of other aromatic monoamines and their derivatives, salts thereof were imported into Russia; dropping by -9.2% on the year before. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% 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 -9.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 35% against the previous year. As a result, imports reached 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 totaled $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 increased by +86.4% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of aromatic monoamines imports to Russia, together comprising 67% of total imports. These countries were followed by Slovakia, South Korea, the Netherlands and the Czech Republic, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +80.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Germany ($X) constituted the largest aromatic monoamines suppliers to Russia, with a combined 66% share of total imports. Slovakia, South Korea, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 17%.

The Netherlands, with a CAGR of +67.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aromatic monoamines import price amounted to $X per ton, rising by 19% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic monoamines import price increased by +67.1% against 2018 indices. The growth pace was the most rapid in 2015 when the average import price increased by 32%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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