Aniline Derivatives Market

The global aniline derivatives market is anticipated to experience significant growth over the next eight years, driven by increasing demand worldwide. Market performance is forecasted to accelerate with a CAGR of +5.3%, leading to a market volume of 746K tons and a value of $3B by 2030. Consumption, production, import, and export trends are analyzed, with key market players identified. Russia, China, and India are among the top consumers, producers, and importers of aniline derivatives, showcasing notable growth rates in the market.

Market Forecast

Driven by increasing demand for aniline derivatives and their salts worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market volume to 746K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.7% for the period from 2022 to 2030, which is projected to bring the market value to $3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aniline Derivatives And Their Salts

Global aniline derivatives consumption fell rapidly to 493K tons in 2022, dropping by -27.4% on the previous year. Overall, consumption, however, posted moderate growth. As a result, consumption attained the peak volume of 966K tons. From 2020 to 2022, the growth of the global consumption remained at a lower figure.

The global aniline derivatives market size fell to $1.9B in 2022, with a decrease of -14.3% 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). Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.0% against 2020 indices. As a result, consumption reached the peak level of $2.9B. From 2020 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

Russia (169K tons) constituted the country with the largest volume of aniline derivatives consumption, comprising approx. 34% of total volume. Moreover, aniline derivatives consumption in Russia exceeded the figures recorded by the second-largest consumer, China (63K tons), threefold. The third position in this ranking was held by the United States (28K tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Russia stood at +30.6%. In the other countries, the average annual rates were as follows: China (-0.1% per year) and the United States (-3.4% per year).

In value terms, Russia ($336M) led the market, alone. The second position in the ranking was taken by China ($155M). It was followed by India.

In Russia, the aniline derivatives market expanded at an average annual rate of +30.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-1.2% per year) and India (+0.9% per year).

In 2022, the highest levels of aniline derivatives per capita consumption was registered in Russia (1,172 kg per 1000 persons), followed by the Netherlands (450 kg per 1000 persons), Germany (127 kg per 1000 persons) and Turkey (103 kg per 1000 persons), while the world average per capita consumption of aniline derivatives was estimated at 62 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the aniline derivatives per capita consumption in Russia stood at +30.6%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+11.5% per year) and Germany (-1.3% per year).

Production

World Production of Aniline Derivatives And Their Salts

In 2022, the amount of aniline derivatives and their salts produced worldwide contracted sharply to 533K tons, dropping by -22.3% against the previous year's figure. Over the period under review, production, however, saw a tangible increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 156% against the previous year. As a result, production reached the peak volume of 997K tons. From 2020 to 2022, global production growth remained at a somewhat lower figure.

In value terms, aniline derivatives production shrank to $2.2B in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -27.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 71% against the previous year. As a result, production attained the peak level of $3B. From 2020 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Russia (169K tons), China (144K tons) and India (63K tons), together accounting for 71% of global production.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +28.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Aniline Derivatives And Their Salts

In 2022, approx. 133K tons of aniline derivatives and their salts were imported worldwide; with an increase of 4.9% compared with 2021. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 22% against the previous year. As a result, imports attained the peak of 138K tons. From 2018 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, aniline derivatives imports soared to $569M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, India (24K tons) and Pakistan (19K tons) represented the main importers of aniline derivatives and their saltsacross the globe, together constituting 32% of total imports. It was distantly followed by Brazil (11K tons), Germany (11K tons), China (7.9K tons), the United Arab Emirates (7.2K tons) and the United States (6.5K tons), together mixing up a 33% share of total imports. The Netherlands (5K tons), Japan (5K tons), Russia (3.9K tons), Taiwan (Chinese) (3.4K tons), Kazakhstan (3.1K tons) and Vietnam (2.9K tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of +69.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($121M) constitutes the largest market for imported aniline derivatives and their salts worldwide, comprising 21% of global imports. The second position in the ranking was held by Germany ($60M), with an 11% share of global imports. It was followed by Pakistan, with a 9% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +7.8%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and Pakistan (+36.1% per year).

Import Prices By Country

The average aniline derivatives import price stood at $4,295 per ton in 2022, with an increase of 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,936 per ton), while Kazakhstan ($2,083 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 (+7.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aniline Derivatives And Their Salts

In 2022, after two years of decline, there was significant growth in overseas shipments of aniline derivatives and their salts, when their volume increased by 29% to 172K tons. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, aniline derivatives exports soared to $613M in 2022. Overall, total exports indicated a buoyant 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 +49.0% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

China (89K tons) and India (63K tons) dominates exports structure, together generating 88% of total exports. The United States (4.8K tons), Belgium (4K tons) and Russia (4K tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +45.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($279M), India ($243M) and Belgium ($25M) appeared to be the countries with the highest levels of exports in 2022, with a combined 89% share of global exports.

Among the main exporting countries, Belgium, with a CAGR of +31.4%, saw the highest rates of growth with regard to the value of exports, 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 aniline derivatives export price amounted to $3,560 per ton, rising by 6.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 an increase of 24%. The global export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($6,101 per ton), while Russia ($2,554 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform