Methylamine Market

The global market for methylamine is projected to experience growth in both volume and value from 2022 to 2030, with a forecasted CAGR of +0.9% and +3.1% respectively. In 2022, consumption saw a slight decrease, but key players like China, the United States, and India continue to drive demand. Production and imports also had varied trends, with countries like China, the United States, and India leading in production volume and consumption. Price fluctuations were observed in export and import markets, with countries like India, Saudi Arabia, and Belgium showing significant growth in export value. Overall, the global methylamine market is expected to see moderate growth in the coming years.

Market Forecast

Driven by rising demand for methylamine worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 3.1M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $9.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Methylamine, Di- Or Trimethylamine And Their Salts

In 2022, the amount of methylamine, di- or trimethylamine and their salts consumed worldwide shrank modestly to 2.9M tons, dropping by -3.7% against 2021. Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the consumption volume increased by 9.8% against the previous year. As a result, consumption reached the peak volume of 3.2M tons. From 2018 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global methylamine market size fell to $7.3B in 2022, reducing by -9.9% 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 saw a perceptible reduction. Over the period under review, the global market attained the maximum level at $9.5B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of methylamine consumption was China (670K tons), comprising approx. 23% of total volume. Moreover, methylamine consumption in China exceeded the figures recorded by the second-largest consumer, the United States (262K tons), threefold. India (257K tons) ranked third in terms of total consumption with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +1.9%. In the other countries, the average annual rates were as follows: the United States (-6.5% per year) and India (+0.5% per year).

In value terms, the largest methylamine markets worldwide were China ($688M), India ($558M) and Indonesia ($493M), together accounting for 24% of the global market. The United States, Brazil, Nigeria, Japan, Germany, Russia, Iran, Canada, Mexico and Turkey lagged somewhat behind, together accounting for a further 24%.

Germany, with a CAGR of +9.7%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of methylamine per capita consumption in 2022 were Canada (1,306 kg per 1000 persons), Germany (1,209 kg per 1000 persons) and the United States (782 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +14.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Methylamine, Di- Or Trimethylamine And Their Salts

In 2022, approx. 2.8M tons of methylamine, di- or trimethylamine and their salts were produced worldwide; flattening at the year before. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 9.5%. Over the period under review, global production hit record highs at 3M tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, methylamine production declined modestly to $6.9B in 2022 estimated in export price. In general, production saw a slight curtailment. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, global production reached the peak level at $7.8B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of methylamine production was China (672K tons), comprising approx. 24% of total volume. Moreover, methylamine production in China exceeded the figures recorded by the second-largest producer, the United States (284K tons), twofold. India (226K tons) ranked third in terms of total production with an 8.1% share.

In China, methylamine production expanded at an average annual rate of +1.8% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (-5.9% per year) and India (+0.4% per year).

Imports

World Imports of Methylamine, Di- Or Trimethylamine And Their Salts

In 2022, after two years of growth, there was significant decline in purchases abroad of methylamine, di- or trimethylamine and their salts, when their volume decreased by -13.7% to 249K tons. In general, imports recorded a mild contraction. The growth pace was the most rapid in 2016 with an increase of 18% against the previous year. Over the period under review, global imports hit record highs at 289K tons in 2021, and then dropped in the following year.

In value terms, methylamine imports rose modestly to $442M in 2022. Overall, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, global imports reached the maximum at $685M in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, India (54K tons), distantly followed by the Netherlands (21K tons), France (19K tons), Brazil (17K tons), Spain (16K tons), Taiwan (Chinese) (16K tons) and the Philippines (12K tons) were the key importers of methylamine, di- or trimethylamine and their salts, together achieving 62% of total imports. Hungary (9.1K tons), the UK (8.7K tons), Belgium (7.7K tons), Germany (6.7K tons), Argentina (6K tons) and Australia (5.4K tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +2.9% from 2012 to 2022. At the same time, Germany (+17.6%), Spain (+15.8%), Taiwan (Chinese) (+13.6%), the Philippines (+7.5%), Brazil (+7.3%), Hungary (+6.4%) and Australia (+4.8%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of +17.6% from 2012-2022. The Netherlands and France experienced a relatively flat trend pattern. By contrast, Argentina (-6.0%), Belgium (-6.9%) and the UK (-21.1%) illustrated a downward trend over the same period. While the share of India (+7.2 p.p.), Spain (+6.6 p.p.), Taiwan (Chinese) (+4.8 p.p.), Brazil (+3.8 p.p.), the Philippines (+2.7 p.p.), Germany (+2.2 p.p.) and Hungary (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Argentina (-1.5 p.p.), Belgium (-2.6 p.p.) and the UK (-29.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($113M) constitutes the largest market for imported methylamine, di- or trimethylamine and their salts worldwide, comprising 26% of global imports. The second position in the ranking was held by Taiwan (Chinese) ($39M), with an 8.8% share of global imports. It was followed by France, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +7.0%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+18.5% per year) and France (+4.0% per year).

Import Prices By Country

The average methylamine import price stood at $1,772 per ton in 2022, picking up by 21% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. Global import price peaked at $2,447 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,439 per ton), while the Netherlands ($973 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Methylamine, Di- Or Trimethylamine And Their Salts

In 2022, approx. 189K tons of methylamine, di- or trimethylamine and their salts were exported worldwide; jumping by 52% against the previous year. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 62% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, methylamine exports surged to $340M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The global exports peaked at $356M in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Belgium (48K tons) and Saudi Arabia (43K tons) represented the largest exporters of methylamine, di- or trimethylamine and their saltsin the world, together mixing up 48% of total exports. The United States (26K tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (12%), India (12%) and Turkey (4.5%). Mexico (5.1K tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +14.2%), while the other global leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($81M), Belgium ($80M) and India ($56M) constituted the countries with the highest levels of exports in 2022, together comprising 64% of global exports.

Saudi Arabia, with a CAGR of +23.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average methylamine export price amounted to $1,801 per ton, picking up by 22% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of 28%. Over the period under review, the average export prices hit record highs at $4,205 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($2,491 per ton), while Turkey ($1,017 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform