Belarus: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Belarus

The Belarusian hexamethylenediamine and ethylenediamine market fell significantly to $X in 2021, with a decrease of -62.2% 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). In general, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Belarus

In 2021, overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts decreased by -19.3% to X kg, falling for the second year in a row after four years of growth. Over the period under review, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2016 when exports increased by 214%. Over the period under review, the exports attained the maximum at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, hexamethylenediamine and ethylenediamine exports contracted remarkably to $X in 2021. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when exports increased by 147% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X kg) was the main destination for hexamethylenediamine and ethylenediamine exports from Belarus, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +3.7%.

In value terms, Russia ($X) emerged as the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -4.5%.

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2021, dropping by -4.9% against the previous year. Over the period under review, the export price saw a abrupt downturn. The growth pace was the most rapid in 2013 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -7.9% per year.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Belarus

In 2021, the amount of hexamethylenediamine and its salts, ethylenediamine and its salts imported into Belarus declined notably to X tons, with a decrease of -61.4% compared with 2020 figures. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 121% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports contracted remarkably to $X in 2021. In general, imports showed a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by 88% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Belgium (X kg) and China (X kg) were the main suppliers of hexamethylenediamine and ethylenediamine imports to Belarus, with a combined 91% share of total imports. These countries were followed by the Netherlands, India and the United States, which together accounted for a further 5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +32.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Belarus, comprising 58% of total imports. The second position in the ranking was held by Belgium ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+31.5% per year) and the Netherlands (+4.4% per year).

Import Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, increasing by 18% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hexamethylenediamine and ethylenediamine import price increased by +78.3% against 2016 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 38%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($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 Netherlands (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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