Australia: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Australia

After two years of growth, the Australian hexamethylenediamine and ethylenediamine market decreased by -26.2% to $X in 2021. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Hexamethylenediamine And Ethylenediamine Production in Australia

In value terms, hexamethylenediamine and ethylenediamine production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild increase. The pace of growth was the most pronounced in 2020 with an increase of 140%. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Australia

For the third consecutive year, Australia recorded growth in shipments abroad of hexamethylenediamine and its salts, ethylenediamine and its salts, which increased by 351% to X tons in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 2,152%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, hexamethylenediamine and ethylenediamine exports skyrocketed to $X in 2021. In general, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 4,361% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Indonesia (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Australia, accounting for a 91% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Indonesia exceeded the volume sent to the second major destination, New Zealand (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+62.5% per year) and China (+2.4% per year).

In value terms, China ($X), Indonesia ($X) and New Zealand ($X) were the largest markets for hexamethylenediamine and ethylenediamine exported from Australia worldwide, with a combined 99% share of total exports.

New Zealand, with a CAGR of +65.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, reducing by -59.2% against the previous year. Overall, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 350% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+81.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Australia

Hexamethylenediamine and ethylenediamine imports into Australia skyrocketed to X tons in 2021, jumping by 151% against the previous year. Overall, imports posted a moderate increase. The growth pace was the most rapid in 2018 when imports increased by 160% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports soared to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest hexamethylenediamine and ethylenediamine supplier to Australia, accounting for a 64% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.5% per year) and the United States (-10.6% per year).

In value terms, Japan ($X), the United States ($X) and China ($X) constituted the largest hexamethylenediamine and ethylenediamine suppliers to Australia, together accounting for 83% of total imports. These countries were followed by Singapore, which accounted for a further 5.2%.

Singapore, with a CAGR of +35.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average hexamethylenediamine and ethylenediamine import price stood at $X per ton in 2021, picking up by 19% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 138%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :