Asia: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Asia

After two years of decline, the Asian hexamethylenediamine and ethylenediamine market increased by 4.1% to $X in 2021. Overall, consumption showed a slight contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Hexamethylenediamine And Ethylenediamine Production in Asia

In value terms, hexamethylenediamine and ethylenediamine production expanded remarkably to $X in 2021 estimated in export price. Overall, production showed a mild curtailment. The growth pace was the most rapid in 2018 with an increase of 21%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports in Asia

Hexamethylenediamine and ethylenediamine exports soared to X tons in 2021, jumping by 31% against the year before. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, hexamethylenediamine and ethylenediamine exports soared to $X in 2021. Over the period under review, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia dominates exports structure, recording X tons, which was near 71% of total exports in 2021. China (X tons) ranks second in terms of the total exports with a 10% share, followed by Japan (9.8%). India (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to hexamethylenediamine and ethylenediamine exports from Saudi Arabia stood at +28.7%. At the same time, India (+31.1%), Taiwan (Chinese) (+30.9%) and China (+1.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +31.1% from 2012-2021. By contrast, Singapore (-8.4%) and Japan (-8.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia, India and Taiwan (Chinese) increased by +55, +3.1 and +1.5 percentage points, respectively.

In value terms, Saudi Arabia ($X) remains the largest hexamethylenediamine and ethylenediamine supplier in Asia, comprising 64% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by Japan, with a 10% share.

In Saudi Arabia, hexamethylenediamine and ethylenediamine exports expanded at an average annual rate of +29.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+3.2% per year) and Japan (-6.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.2%), while the other leaders experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports in Asia

In 2021, purchases abroad of hexamethylenediamine and its salts, ethylenediamine and its salts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) and Japan (X tons) represented the largest importers of hexamethylenediamine and its salts, ethylenediamine and its salts in Asia, together comprising 47% of total imports. South Korea (X tons) ranks next in terms of the total imports with a 13% share, followed by India (12%), Singapore (8.9%) and Turkey (8.3%). Israel (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 63% of total imports. These countries were followed by Turkey, India, Singapore and Israel, which together accounted for a further 29%.

Turkey, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, jumping by 33% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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