China: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in China

In 2022, the Chinese aromatic monoamines market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a noticeable setback. Aromatic monoamines consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aromatic Monoamines Production in China

In value terms, aromatic monoamines production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Aromatic monoamines production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Aromatic Monoamines Exports

Exports from China

In 2022, shipments abroad of other aromatic monoamines and their derivatives, salts thereof increased by X% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, aromatic monoamines exports surged to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

India (X tons), South Korea (X tons) and Singapore (X tons) were the main destinations of aromatic monoamines exports from China, with a combined X% share of total exports. Australia, Japan, Mexico, Germany, the United States, Thailand, Belgium, Taiwan (Chinese), Italy and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic monoamines exported from China were India ($X), Germany ($X) and South Korea ($X), together comprising X% of total exports. Japan, Australia, the United States, Singapore, Thailand, Israel, Italy, Belgium, Mexico and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aromatic monoamines export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports into China

In 2022, supplies from abroad of other aromatic monoamines and their derivatives, salts thereof decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aromatic monoamines imports reduced slightly to $X in 2022. Overall, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest aromatic monoamines supplier to China, with a X% share of total imports. Moreover, aromatic monoamines imports from India exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

In value terms, the United States ($X), India ($X) and Germany ($X) were the largest aromatic monoamines suppliers to China, with a combined X% share of total imports. South Korea, Singapore, Switzerland and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a strong expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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