Oxygen-Function Amino-Compound Market

The article discusses the expected growth in the global market for oxygen-function amino-compounds, with forecasts indicating a steady increase in consumption and market value over the next eight years. Key points include historical consumption and production data, trend patterns, and fluctuations in import and export prices. The top consuming and producing countries are highlighted, along with key product types and their respective shares of the market. Overall, the analysis provides valuable insights into the trends shaping the global oxygen-function amino-compound market.

Market Forecast

Driven by increasing demand for oxygen-function amino-compounds worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market volume to 6.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market value to $42.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Oxygen-Function Amino-Compounds

In 2022, global consumption of oxygen-function amino-compounds was estimated at 5.3M tons, increasing by 3.3% compared with the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.8% against 2020 indices. Over the period under review, global consumption reached the maximum volume at 5.4M tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global oxygen-function amino-compound market revenue contracted to $28.6B in 2022, with a decrease of -2.7% 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). The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $29.4B in 2021, and then reduced modestly in the following year.

Consumption By Country

The country with the largest volume of oxygen-function amino-compound consumption was China (955K tons), comprising approx. 18% of total volume. Moreover, oxygen-function amino-compound consumption in China exceeded the figures recorded by the second-largest consumer, India (471K tons), twofold. The third position in this ranking was held by the United States (455K tons), with an 8.6% share.

In China, oxygen-function amino-compound consumption increased at an average annual rate of +4.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+6.3% per year) and the United States (+1.9% per year).

In value terms, the largest oxygen-function amino-compound markets worldwide were India ($5.7B), Japan ($3.5B) and China ($2.7B), together comprising 42% of the global market.

Among the main consuming countries, India, with a CAGR of +10.6%, recorded the highest rates of growth with regard to market size 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 oxygen-function amino-compound per capita consumption in 2022 were Canada (3.9 kg per person), Japan (2.5 kg per person) and Spain (2.2 kg per person).

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +9.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Oxygen-Function Amino-Compounds

In 2022, global production of oxygen-function amino-compounds rose to 5.3M tons, picking up by 1.8% compared with 2021 figures. In general, the total production indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 -2.0% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 12%. Over the period under review, global production reached the peak volume at 5.4M tons in 2020; however, from 2021 to 2022, production remained at a lower figure.

In value terms, oxygen-function amino-compound production contracted slightly to $28.5B in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 79% against the previous year. Global production peaked at $37.2B in 2018; however, from 2019 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of oxygen-function amino-compound production was China (2M tons), comprising approx. 38% of total volume. Moreover, oxygen-function amino-compound production in China exceeded the figures recorded by the second-largest producer, the United States (472K tons), fourfold. India (363K tons) ranked third in terms of total production with a 6.9% share.

In China, oxygen-function amino-compound production increased at an average annual rate of +9.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-2.3% per year) and India (+6.1% per year).

Imports

World Imports of Oxygen-Function Amino-Compounds

For the eleventh year in a row, the global market recorded growth in supplies from abroad of oxygen-function amino-compounds, which increased by 1.8% to 2.7M tons in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +61.3% against 2012 indices. The pace of growth was the most pronounced in 2020 when imports increased by 12%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, oxygen-function amino-compound imports rose notably to $14.5B in 2022. In general, imports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, global imports reached the peak figure at $17.3B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

The countries with the highest levels of oxygen-function amino-compound imports in 2022 were the United States (223K tons), the Netherlands (220K tons), India (169K tons), Belgium (162K tons), Germany (147K tons), China (139K tons), France (129K tons), Canada (110K tons), Brazil (96K tons), Spain (94K tons), the UK (92K tons) and Italy (90K tons), together recording 61% of total import. Russia (84K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of +17.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.5B), Germany ($1.5B) and Belgium ($1.4B) constituted the countries with the highest levels of imports in 2022, together comprising 30% of global imports. India, the Netherlands, Italy, France, China, Spain, Brazil, the UK, Canada and Russia lagged somewhat behind, together comprising a further 35%.

Russia, with a CAGR of +21.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Amino-acids; their esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.4 (861K tons) and amino-alcohol-phenols, amino-acid-phenols and other amino-compounds with oxygen function (682K tons) represented the main types of oxygen-function amino-compounds in 2022, recording approx. 31% and 24% of total imports, respectively. Amino-alcohols, their ethers and esters; (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.1 (397K tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by monoethanolamine and its salts (12%) and diethanolamine and its salts (9.7%). The following types - amino-naphthols and other amino-phenols; their ethers and esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.2 (108K tons) and triethanolamine and its salts (102K tons) - each reached a 7.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof, excluding amfepramone (INN), methadone (INN), and normethadone (INN) and salts thereof (with a CAGR of +12.9%), while purchases for the other products experienced more modest paces of growth.

In value terms, amino-acids; their esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.4 ($5.5B), amino-alcohol-phenols, amino-acid-phenols and other amino-compounds with oxygen function ($3.6B) and amino-alcohols, their ethers and esters; (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.1 ($2.9B) constituted the products with the highest levels of imports in 2022, with a combined 82% share of global imports. Amino-naphthols and other amino-phenols; their ethers and esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.2, monoethanolamine and its salts, diethanolamine and its salts, amino-naphthols and other amino-phenols; their ethers and esters, (other than those containing more than one kind of oxygen function), aminohydroxynaphthalenesulphonic acids and their salts, amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof, excluding amfepramone (INN), methadone (INN), and normethadone (INN) and salts thereof, triethanolamine and its salts, amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof, amino-acids; their esters, (other than those containing more than one kind of oxygen function), anthranilic acid and its salts and amino-alcohols, other than those containing more than one kind of oxygen function;their ethers and esters; salts thereof; dextropropoxyphene (INN) and its salts lagged somewhat behind, together accounting for a further 18%.

Monoethanolamine and its salts, with a CAGR of +7.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main imported products over the period under review, while purchases for the other products experienced more modest paces of growth.

Import Prices By Type

In 2022, the average oxygen-function amino-compound import price amounted to $5,326 per ton, growing by 7.2% against the previous year. In general, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $10,207 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof ($166,982 per ton), while the price for triethanolamine and its salts ($961 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by amino-naphthols and other amino-phenols; their ethers and esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.2 (+4.8%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average oxygen-function amino-compound import price amounted to $5,326 per ton, picking up by 7.2% against the previous year. In general, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, average import prices reached the maximum at $10,207 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($10,132 per ton), while the Netherlands ($2,987 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Oxygen-Function Amino-Compounds

In 2022, shipments abroad of oxygen-function amino-compounds decreased by -1.2% to 2.7M tons for the first time since 2011, thus ending a ten-year rising trend. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. Over the period under review, the global exports hit record highs at 2.7M tons in 2021, and then shrank modestly in the following year.

In value terms, oxygen-function amino-compound exports contracted modestly to $13.8B in 2022. Over the period under review, exports recorded a pronounced setback. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. Over the period under review, the global exports attained the peak figure at $17.4B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (1.2M tons) represented the major exporter of oxygen-function amino-compounds, generating 44% of total exports. The United States (239K tons) ranks second in terms of the total exports with an 8.9% share, followed by Belgium (7.9%), Saudi Arabia (7.9%), Germany (7.7%) and the Netherlands (6.9%). India (61K tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oxygen-function amino-compound exports from China stood at +12.7%. At the same time, Saudi Arabia (+15.2%), the Netherlands (+6.5%), India (+5.4%), Belgium (+3.4%) and Germany (+1.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.2% from 2012-2022. By contrast, the United States (-3.3%) illustrated a downward trend over the same period. While the share of China (+23 p.p.) and Saudi Arabia (+4.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (-2.7 p.p.) and the United States (-10.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($4B) remains the largest oxygen-function amino-compound supplier worldwide, comprising 29% of global exports. The second position in the ranking was held by Belgium ($1.2B), with an 8.7% share of global exports. It was followed by the United States, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +9.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-8.7% per year) and the United States (-0.6% per year).

Exports By Type

In 2022, amino-acids; their esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.4 (847K tons) and amino-alcohol-phenols, amino-acid-phenols and other amino-compounds with oxygen function (685K tons) represented the main types of oxygen-function amino-compoundsaround the world, together creating 55% of total exports. Amino-alcohols, their ethers and esters; (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.1 (428K tons) ranks next in terms of the total exports with a 15% share, followed by monoethanolamine and its salts (13%) and diethanolamine and its salts (9.9%). Amino-naphthols and other amino-phenols; their ethers and esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.2 (96K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exported products, was attained by amino-alcohols, other than those containing more than one kind of oxygen function;their ethers and esters; salts thereof; dextropropoxyphene (INN) and its salts (with a CAGR of +12.8%), while the other products experienced more modest paces of growth.

In value terms, the largest types of exported oxygen-function amino-compounds were amino-acids; their esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.4 ($5.4B), amino-alcohol-phenols, amino-acid-phenols and other amino-compounds with oxygen function ($3.5B) and amino-alcohols, their ethers and esters; (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.1 ($2.7B), with a combined 83% share of global exports. Amino-naphthols and other amino-phenols; their ethers and esters, (other than those containing more than one kind of oxygen function), n.e.s. in item no. 2922.2, monoethanolamine and its salts, diethanolamine and its salts, amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof, excluding amfepramone (INN), methadone (INN), and normethadone (INN) and salts thereof, amino-naphthols and other amino-phenols; their ethers and esters, (other than those containing more than one kind of oxygen function), aminohydroxynaphthalenesulphonic acids and their salts, triethanolamine and its salts, amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof, amino-alcohols, other than those containing more than one kind of oxygen function;their ethers and esters; salts thereof; dextropropoxyphene (INN) and its salts and amino-acids; their esters, (other than those containing more than one kind of oxygen function), anthranilic acid and its salts lagged somewhat behind, together accounting for a further 17%.

Monoethanolamine and its salts, with a CAGR of +7.2%, recorded the highest growth rate of the value of exports, in terms of the main exported products over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices By Type

In 2022, the average oxygen-function amino-compound export price amounted to $5,127 per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $10,261 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the product type; the product with the highest price was amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof ($303,364 per ton), while the average price for exports of triethanolamine and its salts ($976 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by amino-aldehydes, amino-ketones and amino-quinones; other than those containing more than one kind of oxygen function; salts thereof (+9.8%), while the other products experienced more modest paces of growth.

Export Prices By Country

The average oxygen-function amino-compound export price stood at $5,127 per ton in 2022, flattening at the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. Over the period under review, the average export prices attained the peak figure at $10,261 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($15,047 per ton), while Saudi Arabia ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform