United Kingdom: Aromatic Polyamines Market 2024

Aromatic Polyamines Market Size in the UK

In 2021, the UK aromatic polyamines market decreased by -20% to $X, falling for the third consecutive year after two years of growth. In general, consumption faced a abrupt slump. Aromatic polyamines consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Aromatic Polyamines Production in the UK

In value terms, aromatic polyamines production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Aromatic Polyamines Exports

Exports from the UK

In 2021, after two years of decline, there was significant growth in overseas shipments of aromatic polyamines and their derivatives, salts thereof, when their volume increased by 109% to X tons. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic polyamines exports soared to $X in 2021. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for aromatic polyamines exports from the UK, with a 64% share of total exports. Moreover, aromatic polyamines exports to Portugal exceeded the volume sent to the second major destination, Germany (X tons), eightfold. The third position in this ranking was held by Turkey (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal stood at +101.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.6% per year) and Turkey (+39.3% per year).

In value terms, Portugal ($X) emerged as the key foreign market for aromatic polyamines and their derivatives, salts thereof exports from the UK, comprising 44% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal stood at +105.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+28.6% per year) and the United States (+7.7% per year).

Export Prices by Country

The average aromatic polyamines export price stood at $X per ton in 2021, picking up by 9.4% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aromatic polyamines export price increased by +3.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 63% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 Spain (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Polyamines Imports

Imports into the UK

For the fourth year in a row, the UK recorded decline in purchases abroad of aromatic polyamines and their derivatives, salts thereof, which decreased by -26.5% to X tons in 2021. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aromatic polyamines imports dropped to $X in 2021. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of aromatic polyamines imports to the UK, with a combined 69% share of total imports. Switzerland, Japan, India and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +21.6%), while imports for the other leaders experienced a decline.

In value terms, the largest aromatic polyamines suppliers to the UK were Switzerland ($X), China ($X) and Belgium ($X), with a combined 61% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +12.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average aromatic polyamines import price stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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