Aniline Market

The article discusses the forecasted growth of the global aniline market in terms of consumption and value, with an expected CAGR of +3.7% and +5.8% respectively from 2022 to 2030. It also highlights the trends in production, imports, and exports of aniline and its salts. The highest consuming and producing countries are identified, along with their growth rates and market sizes. The average import and export prices are analyzed, showing fluctuations and growth over the years.

Market Forecast

Driven by rising demand for aniline 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 +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.7M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $3.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Aniline And Its Salts (Excluding Derivatives)

In 2022, the amount of aniline and its salts (excluding derivatives) consumed worldwide reduced modestly to 1.3M tons, almost unchanged from the year before. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 4.6% against the previous year. As a result, consumption attained the peak volume of 1.4M tons. From 2021 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global aniline market revenue skyrocketed to $2B in 2022, with an increase of 17% 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 relatively flat trend pattern. Global consumption peaked at $2.3B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the Netherlands (235K tons), Germany (161K tons) and the UK (136K tons), with a combined 42% share of global consumption. The United States, Hungary, Portugal, Spain, India, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by India (with a CAGR of +22.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($329M), the Netherlands ($302M) and Portugal ($181M) appeared to be the countries with the highest levels of market value in 2022, together accounting for 41% of the global market. Hungary, Spain, India, the United States, the UK, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 50%.

Among the main consuming countries, India, with a CAGR of +20.4%, recorded the highest growth rate of 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 aniline per capita consumption in 2022 were the Netherlands (13 kg per person), Hungary (11 kg per person) and Portugal (10 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by India (with a CAGR of +21.3%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Aniline And Its Salts (Excluding Derivatives)

Global aniline production declined slightly to 1.4M tons in 2022, standing approx. at the year before. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 1.5%. Over the period under review, global production reached the peak volume at 1.4M tons in 2018; afterwards, it flattened through to 2022.

In value terms, aniline production rose remarkably to $1.6B in 2022 estimated in export price. In general, production continues to indicate a perceptible slump. Over the period under review, global production attained the maximum level at $2.2B in 2013; however, from 2014 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were the UK (365K tons), China (296K tons) and Belgium (265K tons), with a combined 68% share of global production. Portugal, the Czech Republic and the United States lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the United States (with a CAGR of +0.5%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Aniline And Its Salts (Excluding Derivatives)

In 2022, overseas purchases of aniline and its salts (excluding derivatives) decreased by -4.4% to 1M tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 12%. Global imports peaked at 1.1M tons in 2021, and then declined in the following year.

In value terms, aniline imports surged to $1.8B in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +88.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the Netherlands (273K tons), distantly followed by Germany (172K tons), Belgium (147K tons), Hungary (110K tons), India (100K tons) and Spain (98K tons) represented the main importers of aniline and its salts (excluding derivatives), together making up 89% of total imports. The United States (43K tons) held a minor 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 States (with a CAGR of +35.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest aniline importing markets worldwide were Germany ($407M), the Netherlands ($358M) and Belgium ($223M), together comprising 56% of global imports. Hungary, Spain, India and the United States lagged somewhat behind, together comprising a further 37%.

In terms of the main importing countries, the United States, with a CAGR of +37.5%, recorded the highest rates of growth with regard to 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 aniline import price stood at $1,755 per ton in 2022, surging by 30% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aniline import price increased by +89.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Global import price peaked at $1,803 per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($2,371 per ton), while the Netherlands ($1,310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Aniline And Its Salts (Excluding Derivatives)

In 2022, global exports of aniline and its salts (excluding derivatives) fell to 1.1M tons, dropping by -4% on the year before. The total export volume increased at an average annual rate of +3.7% 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 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of 1.1M tons, and then reduced slightly in the following year.

In value terms, aniline exports surged to $1.8B in 2022. Overall, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +106.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, Belgium (333K tons), China (284K tons) and the UK (230K tons) was the major exporter of aniline and its salts (excluding derivatives) in the world, creating 78% of total export. The Czech Republic (101K tons) took the next position in the ranking, followed by Portugal (65K tons). All these countries together held near 15% share of total exports. The Netherlands (39K tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +285.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Belgium ($643M), China ($407M) and the UK ($280M) constituted the countries with the highest levels of exports in 2022, together comprising 74% of global exports. The Czech Republic, Portugal and the Netherlands lagged somewhat behind, together comprising a further 23%.

The Netherlands, with a CAGR of +278.3%, recorded the highest growth rate of the value of exports, among 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

The average aniline export price stood at $1,664 per ton in 2022, with an increase of 28% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 40%. The global export price peaked at $1,754 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Portugal ($2,180 per ton), while the UK ($1,219 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform