Apr 20, 2025
IndexBox has just published a new report: United Kingdom – Imines And Their Derivatives And Salts Thereof – Market Analysis, Forecast, Size, Trends And Insights.
Driven by increasing demand for imines and their derivatives and salts in the UK, the market is set to experience a positive trend over the next decade. With an anticipated CAGR of +5.0% in volume and +5.8% in value from 2024 to 2035, the market is projected to reach 6.9K tons and $71M by the end of 2035, indicating a promising future for this sector.
Market Forecast
Driven by increasing demand for imines and their derivatives and salts thereof in the UK, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.0% for the period from 2024 to 2035, which is projected to bring the market volume to 6.9K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2024 to 2035, which is projected to bring the market value to $71M (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited Kingdom’s Consumption of Imines And Their Derivatives And Salts Thereof
In 2024, approx. 4.1K tons of imines and their derivatives and salts thereof were consumed in the UK; approximately mirroring the previous year’s figure. In general, the total consumption indicated a buoyant increase from 2013 to 2024: its volume increased at an average annual rate of +6.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.6% against 2022 indices. As a result, consumption reached the peak volume of 4.3K tons. From 2023 to 2024, the growth of the consumption remained at a somewhat lower figure.
The size of the imines market in the UK declined slightly to $38M in 2024, reducing by -1.6% 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 posted a strong increase. As a result, consumption reached the peak level of $51M. From 2023 to 2024, the growth of the market remained at a lower figure.
ProductionUnited Kingdom’s Production of Imines And Their Derivatives And Salts Thereof
In 2024, approx. 266 tons of imines and their derivatives and salts thereof were produced in the UK; rising by 4.3% against the previous year’s figure. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41%. Over the period under review, production reached the maximum volume at 277 tons in 2022; however, from 2023 to 2024, production remained at a lower figure.
In value terms, imines production expanded markedly to $4M in 2024 estimated in export price. Over the period under review, production showed a remarkable increase. The most prominent rate of growth was recorded in 2022 when the production volume increased by 40%. As a result, production attained the peak level of $4.3M. From 2023 to 2024, production growth remained at a lower figure.
ImportsUnited Kingdom’s Imports of Imines And Their Derivatives And Salts Thereof
In 2024, purchases abroad of imines and their derivatives and salts thereof decreased by -2.7% to 5.2K tons for the first time since 2021, thus ending a two-year rising trend. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2022 when imports increased by 100%. Imports peaked at 5.4K tons in 2023, and then dropped in the following year.
In value terms, imines imports contracted to $46M in 2024. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2022 when imports increased by 109% against the previous year. As a result, imports reached the peak of $62M. From 2023 to 2024, the growth of imports failed to regain momentum.
Imports By Country
In 2024, China (3.1K tons) constituted the largest imines supplier to the UK, with a 59% share of total imports. Moreover, imines imports from China exceeded the figures recorded by the second-largest supplier, Germany (903 tons), threefold. The third position in this ranking was taken by Spain (581 tons), with an 11% share.
From 2013 to 2024, the average annual growth rate of volume from China stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.7% per year) and Spain (+23.9% per year).
In value terms, China ($26M) constituted the largest supplier of imines and their derivatives and salts thereof to the UK, comprising 56% of total imports. The second position in the ranking was taken by Germany ($10M), with a 22% share of total imports. It was followed by Spain, with a 10% share.
From 2013 to 2024, the average annual growth rate of value from China totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and Spain (+13.0% per year).
Import Prices By Country
The average imines import price stood at $8,868 per ton in 2024, waning by -4.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 68%. The import price peaked at $12,843 per ton in 2022; however, from 2023 to 2024, 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 ($26,767 per ton), while the price for India ($3,955 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Belgium (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.
ExportsUnited Kingdom’s Exports of Imines And Their Derivatives And Salts Thereof
After two years of growth, overseas shipments of imines and their derivatives and salts thereof decreased by -11.1% to 1.4K tons in 2024. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2023 with an increase of 95% against the previous year. As a result, the exports reached the peak of 1.6K tons, and then reduced in the following year.
In value terms, imines exports contracted to $20M in 2024. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 629% against the previous year. As a result, the exports attained the peak of $58M. From 2016 to 2024, the growth of the exports failed to regain momentum.
Exports By Country
The Netherlands (838 tons) was the main destination for imines exports from the UK, accounting for a 59% share of total exports. Moreover, imines exports to the Netherlands exceeded the volume sent to the second major destination, France (84 tons), tenfold. The third position in this ranking was taken by Germany (82 tons), with a 5.8% share.
From 2013 to 2024, the average annual growth rate of volume to the Netherlands stood at +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.1% per year) and Germany (+1.8% per year).
In value terms, the Netherlands ($9.5M) remains the key foreign market for imines and their derivatives and salts thereof exports from the UK, comprising 47% of total exports. The second position in the ranking was taken by Germany ($1.7M), with an 8.1% share of total exports. It was followed by Spain, with a 5.9% share.
From 2013 to 2024, the average annual growth rate of value to the Netherlands stood at +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.7% per year) and Spain (+13.8% per year).
Export Prices By Country
The average imines export price stood at $14,350 per ton in 2024, growing by 5.7% against the previous year. Overall, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2015 an increase of 418%. As a result, the export price reached the peak level of $74,785 per ton. From 2016 to 2024, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($35,609 per ton), while the average price for exports to Hungary ($4,785 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.