U.S.: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in the U.S.

In 2021, the U.S. aromatic monoamines market decreased by -34.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped markedly in the following year.

Aromatic Monoamines Production in the U.S.

In value terms, aromatic monoamines production contracted to $X in 2021. Overall, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.1% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 79% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Aromatic Monoamines Exports

Exports from the U.S.

In 2021, overseas shipments of other aromatic monoamines and their derivatives, salts thereof increased by 24% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 +28.5% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 40% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic monoamines exports declined modestly to $X in 2021. In general, exports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2015 with an increase of 43%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Canada (X tons) and Mexico (X tons) were the main destinations of aromatic monoamines exports from the United States, with a combined 58% share of total exports. Italy, India, South Korea, Japan and China lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +31.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Mexico ($X) and Canada ($X) appeared to be the largest markets for aromatic monoamines exported from the United States worldwide, with a combined 50% share of total exports. Italy, India, China, South Korea and Japan lagged somewhat behind, together accounting for a further 20%.

South Korea, with a CAGR of +21.5%, recorded the highest growth rate of 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

In 2021, the average aromatic monoamines export price amounted to $X per ton, declining by -20.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 29% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to India ($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 Panama (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports into the U.S.

In 2021, overseas purchases of other aromatic monoamines and their derivatives, salts thereof decreased by -2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a pronounced slump. The growth pace was the most rapid in 2019 with an increase of 9.5% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic monoamines imports reduced to $X in 2021. In general, imports saw a noticeable reduction. The growth pace was the most rapid in 2018 when imports increased by 6.8% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of aromatic monoamines to the United States, with a 66% share of total imports. Moreover, aromatic monoamines imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.7% per year) and China (-11.3% per year).

In value terms, Germany ($X), India ($X) and China ($X) appeared to be the largest aromatic monoamines suppliers to the United States, together accounting for 73% of total imports.

India, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, waning by -6.1% against the previous year. In general, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 4.8%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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