United Arab Emirates: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in the United Arab Emirates

The aromatic monoamines market in the United Arab Emirates surged to $X in 2021, rising by 43% against the previous year. In general, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aromatic Monoamines Production in the United Arab Emirates

In value terms, aromatic monoamines production soared to $X in 2021 estimated in export price. In general, production, however, showed a abrupt contraction. The growth pace was the most rapid in 2018 when the production volume increased by 39%. Aromatic monoamines production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Aromatic Monoamines Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of other aromatic monoamines and their derivatives, salts thereof increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 915% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic monoamines exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,639%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for aromatic monoamines exports from the United Arab Emirates, accounting for a 82% share of total exports. Moreover, aromatic monoamines exports to India exceeded the volume sent to the second major destination, Oman (X tons), more than tenfold. The third position in this ranking was taken by Iraq (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +42.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+23.4% per year) and Iraq (+36.0% per year).

In value terms, the largest markets for aromatic monoamines exported from the United Arab Emirates were India ($X), Iraq ($X) and Iran ($X), with a combined 74% share of total exports.

Iraq, with a CAGR of +104.3%, 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, growing by 92% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per ton), while the average price for exports to the Netherlands ($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 Iraq (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports into the United Arab Emirates

In 2021, imports of other aromatic monoamines and their derivatives, salts thereof into the United Arab Emirates soared to X tons, growing by 24% on 2020. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 128% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, aromatic monoamines imports soared to $X in 2021. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aromatic monoamines to the United Arab Emirates, accounting for a 53% share of total imports. Moreover, aromatic monoamines imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. Iran (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+46.3% per year) and Iran (+52.0% per year).

In value terms, the largest aromatic monoamines suppliers to the United Arab Emirates were China ($X), Argentina ($X) and India ($X), with a combined 60% share of total imports. Spain, the UK, the United States, Poland, the Netherlands and Iran lagged somewhat behind, together comprising a further 20%.

Spain, with a CAGR of +37.7%, saw the highest growth rate of the value of imports, among the main suppliers 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 monoamines import price amounted to $X per ton, surging by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average 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 India ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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