Southern Asia: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Southern Asia

The South Asian aromatic polyamines market expanded markedly to $X in 2021, increasing by 13% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 decreased by -2.2% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Aromatic Polyamines Production in Southern Asia

In value terms, aromatic polyamines production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 21%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Aromatic Polyamines Exports

Exports in Southern Asia

In 2021, approx. X tons of aromatic polyamines and their derivatives, salts thereof were exported in Southern Asia; increasing by 22% against 2020. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aromatic polyamines exports skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.1% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 30%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons), together reaching 99.9% of total export.

India was also the fastest-growing in terms of the aromatic polyamines and their derivatives, salts thereof exports, with a CAGR of +2.1% 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 aromatic polyamines supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled +5.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 an increase of 22% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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 +3.4% per year.

Aromatic Polyamines Imports

Imports in Southern Asia

In 2021, overseas purchases of aromatic polyamines and their derivatives, salts thereof increased by 31% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. 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.

In value terms, aromatic polyamines imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India represented the major importer of aromatic polyamines and their derivatives, salts thereof in Southern Asia, with the volume of imports finishing at X tons, which was approx. 76% of total imports in 2021. It was distantly followed by Pakistan (X tons) and Sri Lanka (X tons), together mixing up a 23% share of total imports.

Imports into India increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Pakistan (+23.2%) and Sri Lanka (+1.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +23.2% from 2012-2021. From 2012 to 2021, the share of Pakistan increased by +13 percentage points.

In value terms, India ($X) constitutes the largest market for imported aromatic polyamines and their derivatives, salts thereof in Southern Asia, comprising 70% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 25% share of total imports.

In India, aromatic polyamines imports increased at an average annual rate of +4.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+28.1% per year) and Sri Lanka (+5.5% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 3.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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