Spain: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in Spain

The Spanish aromatic polyamines market soared to $X in 2021, picking up by 15% against the previous year. Overall, consumption, however, showed a mild reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Aromatic Polyamines Production in Spain

In value terms, aromatic polyamines production declined slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.7% against 2012 indices. The growth pace was the most rapid in 2017 with an increase of 15%. Aromatic polyamines production peaked at $X in 2020, and then dropped in the following year.

Aromatic Polyamines Exports

Exports from Spain

In 2021, aromatic polyamines exports from Spain amounted to X tons, surging by 13% compared with the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 217%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aromatic polyamines exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 731%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for aromatic polyamines exports from Spain, with a 56% share of total exports. Moreover, aromatic polyamines exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+59.0% per year) and Germany (+16.6% per year).

In value terms, Italy ($X) remains the key foreign market for aromatic polyamines and their derivatives, salts thereof exports from Spain, comprising 79% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.6% share of total exports. It was followed by China, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+131.9% per year) and China (+34.4% per year).

Export Prices by Country

In 2021, the average aromatic polyamines export price amounted to $X per ton, rising by 11% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 162%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into Spain

In 2021, supplies from abroad of aromatic polyamines and their derivatives, salts thereof was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 57% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic polyamines imports expanded remarkably to $X in 2021. Overall, imports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Portugal (X tons), China (X tons) and Belgium (X tons) were the main suppliers of aromatic polyamines imports to Spain, with a combined 57% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +177.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic polyamines suppliers to Spain were China ($X), the United States ($X) and Portugal ($X), with a combined 62% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +157.4%, saw the highest rates of growth with regard to the value of imports, 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 polyamines import price amounted to $X per ton, falling by -11.6% against the previous year. Over the period under review, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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