United Kingdom: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in the UK

The UK aromatic monoamines market reduced to $X in 2021, standing approx. at the previous year. Overall, consumption recorded a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aromatic Monoamines Production in the UK

In value terms, aromatic monoamines production expanded to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. Aromatic monoamines production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Aromatic Monoamines Exports

Exports from the UK

Aromatic monoamines exports from the UK was estimated at X tons in 2021, remaining stable against the previous year. Over the period under review, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic monoamines exports shrank rapidly to $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 20%. Over the period under review, the exports attained the maximum at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Turkey (X tons), France (X tons) and Italy (X tons) were the main destinations of aromatic monoamines exports from the UK, with a combined 43% share of total exports. These countries were followed by Egypt, the United States, Switzerland, Germany, Poland, South Korea, Sweden, Ireland and the United Arab Emirates, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +104.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic monoamines exported from the UK were the United States ($X), Switzerland ($X) and Sweden ($X), with a combined 49% share of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +81.2%, saw the highest rates of growth with regard to 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, falling by -16.5% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2016 an increase of 38%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Turkey ($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 South Korea (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Monoamines Imports

Imports into the UK

Aromatic monoamines imports into the UK was estimated at X tons in 2021, growing by 8.7% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 20%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aromatic monoamines imports declined modestly to $X in 2021. Overall, imports, however, saw a deep reduction. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), India (X tons) and China (X tons) were the main suppliers of aromatic monoamines imports to the UK, together comprising 81% of total imports. These countries were followed by Spain, Ireland, Belgium, Japan and Switzerland, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic monoamines suppliers to the UK were India ($X), China ($X) and Germany ($X), with a combined 74% share of total imports. These countries were followed by Ireland, Japan, Switzerland, Spain and Belgium, which together accounted for a further 17%.

Spain, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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, with a decrease of -8.9% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 33%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 ($X per ton), while the price for Spain ($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 (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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