Southern Asia: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Southern Asia

The South Asian amine-function compounds market soared to $X in 2021, surging by 31% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.2% against 2018 indices. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Amine-Function Compounds Production in Southern Asia

In value terms, amine-function compounds production declined modestly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.3% against 2015 indices. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Amine-Function Compounds Exports

Exports in Southern Asia

Amine-function compounds exports rose sharply to X tons in 2021, with an increase of 10% on 2020. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% 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 +61.9% against 2015 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, amine-function compounds exports soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.8% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 38% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

In 2021, India (X tons) represented the main exporter of amine-function compounds in Southern Asia, making up 100% of total export.

India was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of +4.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest amine-function compounds supplier in Southern Asia.

In India, amine-function compounds exports increased at an average annual rate of +7.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, rising by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.3% per year.

Amine-Function Compounds Imports

Imports in Southern Asia

In 2021, amine-function compounds imports in Southern Asia soared to X tons, increasing by 18% on the previous year. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 20%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, accounting for X tons, which was approx. 90% of total imports in 2021. It was distantly followed by Pakistan (X tons), constituting a 5.7% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to amine-function compounds imports into India stood at +9.7%. At the same time, Bangladesh (+28.4%) and Pakistan (+21.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +28.4% from 2012-2021. While the share of Pakistan (+3.3 p.p.) and Bangladesh (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-5.6 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported amine-function compounds in Southern Asia, comprising 83% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 8.9% share of total imports.

In India, amine-function compounds imports increased at an average annual rate of +8.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+36.4% per year) and Pakistan (+22.0% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, growing by 33% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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