China Remains the Largest Amine Compounds Supplier in Asia-Pacific

IndexBox has just published a new report: 'Asia-Pacific - Amine-Function Compounds - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Amine Compounds Exports in Asia-Pacific

In 2018, approx. 1.1M tons of amine compounds were exported in Asia-Pacific; picking up by 8.6% against the previous year. The total export volume increased at an average annual rate of +5.1% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 15% y-o-y. Over the period under review, amine-function compounds exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, amine-function compounds exports stood at $3.3B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +1.8% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2017 when exports increased by 16% y-o-y. Over the period under review, amine-function compounds exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China was the major exporter of amine compounds exported in Asia-Pacific, with the volume of exports amounting to 785K tons, which was approx. 72% of total exports in 2018. It was distantly followed by India (121K tons), Japan (81K tons) and South Korea (65K tons), together making up a 25% share of total exports.

China was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of +7.8% from 2013 to 2018. At the same time, India (+5.5%) and South Korea (+3.4%) displayed positive paces of growth. By contrast, Japan (-5.6%) illustrated a downward trend over the same period. From 2013 to 2018, the share of China and India increased by +23% and +2.6% percentage points, while Japan (-2.5 p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.1B) remains the largest amine-function compounds supplier in Asia-Pacific, comprising 64% of total amine-function compounds exports. The second position in the ranking was occupied by India ($521M), with a 16% share of total exports. It was followed by Japan, with a 11% share.

In China, amine-function compounds exports expanded at an average annual rate of +3.3% over the period from 2013-2018. The remaining exporting countries recorded the following average annual rates of exports growth: India (+1.3% per year) and Japan (-2.5% per year).

Export Prices by Country

In 2018, the amine-function compounds export price in Asia-Pacific amounted to $3,029 per ton, picking up by 2.8% against the previous year. In general, the amine-function compounds export price, however, continues to indicate a significant downturn. The most prominent rate of growth was recorded in 2018 an increase of 2.8% year-to-year. The level of export price peaked at $3,558 per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Japan ($4,386 per ton), while South Korea ($2,426 per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the export price figures.

Amine Compounds Imports in Asia-Pacific

In 2018, the amine compounds imports in Asia-Pacific amounted to 1M tons, surging by 11% against the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 11% year-to-year. In that year, amine-function compounds imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, amine-function compounds imports totaled $3.2B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +2.0% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. In that year, amine-function compounds imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, India (253K tons), distantly followed by Japan (162K tons), South Korea (147K tons), China (146K tons), Taiwan, Chinese (60K tons) and Singapore (54K tons) represented the largest importers of amine-function compounds, together comprising 82% of total imports. Indonesia (43K tons) held a little share of total imports.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($651M), India ($612M) and South Korea ($562M) appeared to be the countries with the highest levels of imports in 2018, together accounting for 58% of total imports.

In terms of the main importing countries, India recorded the highest growth rate of the value of imports, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the amine-function compounds import price in Asia-Pacific amounted to $3,152 per ton, rising by 4.4% against the previous year. Overall, the amine-function compounds import price, however, continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2017 an increase of 5.1% against the previous year. The level of import price peaked at $3,315 per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($4,019 per ton), while Singapore ($2,129 per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform