Spain: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Spain

The Spanish aromatic monoamines market soared to $X in 2021, jumping by 89% against the previous year. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Aromatic Monoamines Production in Spain

In value terms, aromatic monoamines production surged to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Aromatic Monoamines Exports

Exports from Spain

For the third consecutive year, Spain recorded decline in overseas shipments of other aromatic monoamines and their derivatives, salts thereof, which decreased by -7% to X tons in 2021. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 44%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, aromatic monoamines exports surged to $X in 2021. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 69% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for aromatic monoamines exports from Spain, with a 34% share of total exports. Moreover, aromatic monoamines exports to Singapore exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +50.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.9% per year) and Japan (+110.4% per year).

In value terms, Singapore ($X), Japan ($X) and Germany ($X) were the largest markets for aromatic monoamines exported from Spain worldwide, together accounting for 80% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +744.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aromatic monoamines export price amounted to $X per ton, surging by 58% against the previous year. In general, the export price showed a prominent expansion. The growth pace was the most rapid in 2019 when the average export price increased by 85% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports into Spain

In 2021, purchases abroad of other aromatic monoamines and their derivatives, salts thereof increased by 36% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic monoamines imports soared to $X in 2021. Overall, imports, however, recorded a slight reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Switzerland (X tons) and Germany (X tons) were the main suppliers of aromatic monoamines imports to Spain, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +13.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), India ($X) and Germany ($X) constituted the largest aromatic monoamines suppliers to Spain, with a combined 88% share of total imports.

Germany, with a CAGR of +7.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average aromatic monoamines import price amounted to $X per ton, jumping by 39% against the previous year. Overall, import price indicated a temperate expansion 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 decreased by -15.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 78%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for Germany ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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