Saudi Arabia: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Saudi Arabia

After two years of decline, the Saudi amine-function compounds market increased by 4.2% to $X in 2021. In general, consumption showed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Amine-Function Compounds Production in Saudi Arabia

In value terms, amine-function compounds production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Amine-function compounds production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Saudi Arabia

In 2021, overseas shipments of amine-function compounds increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, amine-function compounds exports soared to $X in 2021. Overall, exports showed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 70% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

South Korea (X tons), India (X tons) and China (X tons) were the main destinations of amine-function compounds exports from Saudi Arabia, with a combined 65% share of total exports. These countries were followed by Singapore, the United Arab Emirates, the Netherlands, Malaysia, Japan, the United States, Taiwan (Chinese) and Italy, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +33.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), India ($X) and China ($X) constituted the largest markets for amine-function compounds exported from Saudi Arabia worldwide, together accounting for 64% of total exports. These countries were followed by Singapore, the United Arab Emirates, the Netherlands, Taiwan (Chinese), Japan, the United States, Malaysia and Italy, which together accounted for a further 20%.

The United Arab Emirates, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, surging by 38% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, amine-function compounds export price increased by +97.6% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Malaysia ($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 Taiwan (Chinese) (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Saudi Arabia

In 2021, the amount of amine-function compounds imported into Saudi Arabia rose significantly to X tons, with an increase of 13% against the previous year. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 186% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, amine-function compounds imports expanded slightly to $X in 2021. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of amine-function compounds imports to Saudi Arabia, together accounting for 73% of total imports. These countries were followed by the Czech Republic, France, the UK, the United States and Portugal, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +19.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest amine-function compounds suppliers to Saudi Arabia, with a combined 74% share of total imports. These countries were followed by France, India, the UK, the Czech Republic and Portugal, which together accounted for a further 23%.

Among the main suppliers, France, with a CAGR of +13.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, declining by -9.4% against the previous year. Overall, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 an increase of 103%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+93.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :