Acylic Monoamines,Their Derivatives And Salts Thereof Market

The article provides an in-depth analysis of the global market for acrylic monoamines, their derivatives, and salts, highlighting trends in consumption, production, imports, and exports. Forecasts suggest an upward consumption trend over the next eight years, with an anticipated increase in market volume and value. Key findings include the highest consumption levels in China, the United States, and India, the largest production volume in China, and the major exporting country being China as well. Overall, the market is expected to see steady growth in the immediate future.

Market Forecast

Driven by rising demand for acylic monoamines,their derivatives and salts thereof worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $6.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

In 2022, global consumption of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) was estimated at 1M tons, with an increase of 1.5% against 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 5.1% against the previous year. Global consumption peaked at 1.1M tons in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

The revenue of the market for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) worldwide amounted to $4.3B in 2022, picking up by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a mild increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (207K tons), the United States (121K tons) and India (82K tons), together comprising 40% of global consumption. Germany, Russia, Nigeria, Japan, Indonesia, Brazil, Turkey, Mexico, South Korea and Italy lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +6.0%), while trimethylamine) for the other global leaders experienced more modest paces of growth.

In value terms, the largest acylic monoamines,their derivatives and salts thereof markets worldwide were India ($540M), China ($494M) and the United States ($380M), together comprising 33% of the global market. Russia, Germany, Nigeria, Japan, South Korea, Indonesia, Turkey, Brazil, Mexico and Italy lagged somewhat behind, together accounting for a further 36%.

Among the main consuming countries, Nigeria, with a CAGR of +9.6%, recorded the highest rates of growth with regard to market size over the period under review, while trimethylamine) for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of acylic monoamines,their derivatives and salts thereof per capita consumption in 2022 were Germany (749 kg per 1000 persons), South Korea (386 kg per 1000 persons) and the United States (362 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of trimethylamine), amongst the leading consuming countries, was attained by Nigeria (with a CAGR of +3.3%), while trimethylamine) for the other global leaders experienced more modest paces of growth.

Production

World Production of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

In 2022, approx. 1M tons of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) were produced worldwide; remaining relatively unchanged against the previous year's figure. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.5% against the previous year. As a result, production reached the peak volume of 1.1M tons. From 2021 to 2022, global production of growth remained at a somewhat lower figure.

In value terms, production of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) rose remarkably to $4.3B in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15% against the previous year. Over the period under review, global production of attained the peak level at $4.5B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Production By Country

China (370K tons) constituted the country with the largest volume of production of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine), accounting for 36% of total volume. Moreover, production of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) in China exceeded the figures recorded by the second-largest producer, the United States (105K tons), fourfold. Germany (98K tons) ranked third in terms of total production with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +2.6%. In the other countries, the average annual rates were as follows: the United States (+1.1% per year) and Germany (+1.8% per year).

Imports

World Imports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

After two years of growth, purchases abroad of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) decreased by -4% to 376K tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports attained the peak of 391K tons, and then fell in the following year.

In value terms, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) rose sharply to $1.5B in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Over the period under review, global imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports By Country

In 2022, the United States (58K tons), distantly followed by Brazil (24K tons), Germany (23K tons), Belgium (22K tons), Japan (20K tons), India (19K tons), Italy (18K tons) and Austria (17K tons) were the major importers of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine), together comprising 53% of total imports. The Netherlands (16K tons), Russia (15K tons), South Korea (14K tons), Spain (12K tons) and the UK (7.7K tons) took a minor share of total imports.

Imports into the United States increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Russia (+11.2%), India (+7.5%), Austria (+7.5%), the Netherlands (+5.8%), Spain (+5.2%), Germany (+4.1%), Japan (+3.5%) and South Korea (+3.0%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of +11.2% from 2012-2022. Italy and Belgium experienced a relatively flat trend pattern. By contrast, Brazil (-1.9%) and the UK (-6.9%) illustrated a downward trend over the same period. While the share of the United States (+3.1 p.p.), Russia (+2.5 p.p.), India (+2.4 p.p.), Austria (+2.2 p.p.), the Netherlands (+1.6 p.p.) and Germany (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (-2 p.p.) and the UK (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest acylic monoamines,their derivatives and salts thereof importing markets worldwide were the United States ($197M), South Korea ($106M) and Germany ($99M), together comprising 26% of global imports. Japan, Brazil, Belgium, Austria, Italy, India, the Netherlands, Russia, Spain and the UK lagged somewhat behind, together comprising a further 43%.

In terms of the main importing countries, Russia, with a CAGR of +14.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) stood at $4,049 per ton in 2022, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($7,689 per ton), while the United States ($3,425 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

In 2022, after two years of growth, there was decline in overseas shipments of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine), when their volume decreased by -4.6% to 379K tons. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 51%. The global exports peaked at 397K tons in 2021, and then dropped in the following year.

In value terms, exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) reached $1.5B in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

China represented the major exporter of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) in the world, with the volume of exports resulting at 170K tons, which was near 45% of total exports in 2022. It was distantly followed by Germany (59K tons), the United States (42K tons), Belgium (41K tons) and the Philippines (22K tons), together comprising a 43% share of total exports. The following exporters - France (8.8K tons) and the Netherlands (6.7K tons) - each amounted to a 4.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to acylic monoamines,their derivatives and salts thereof exports from China stood at +3.4%. At the same time, France (+194.5%), the Philippines (+104.5%) and the Netherlands (+4.5%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +194.5% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, the United States (-1.8%) and Belgium (-6.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, the Philippines and France increased by +16, +5.9 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($569M) remains the largest acylic monoamines,their derivatives and salts thereof supplier worldwide, comprising 38% of global exports. The second position in the ranking was held by Germany ($218M), with a 15% share of global exports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +6.6%. In the other countries, the average annual rates were as follows: Germany (+5.1% per year) and the United States (+2.7% per year).

Export Prices By Country

In 2022, the average export price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) amounted to $3,953 per ton, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. The global export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United States ($4,707 per ton) and France ($4,676 per ton), while the Philippines ($3,252 per ton) and China ($3,351 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform