Belgium: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Belgium

After two years of decline, the Belgian hexamethylenediamine and ethylenediamine market increased by 9.6% to $X in 2021. Overall, consumption, however, continues to indicate a abrupt decrease. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Production in Belgium

In value terms, hexamethylenediamine and ethylenediamine production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Belgium

In 2021, the amount of hexamethylenediamine and its salts, ethylenediamine and its salts exported from Belgium reduced to X tons, with a decrease of -2% compared with 2020 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 72%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine exports surged to $X in 2021. In general, exports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2013 with an increase of 49%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Belgium, accounting for a 41% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+31.1% per year) and South Korea (+23.8% per year).

In value terms, Germany ($X), the Netherlands ($X) and South Korea ($X) appeared to be the largest markets for hexamethylenediamine and ethylenediamine exported from Belgium worldwide, with a combined 73% share of total exports.

The Netherlands, with a CAGR of +34.5%, saw the highest rates of growth with regard to 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

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the United States ($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 Netherlands (+2.6%), while the prices for the other major destinations experienced a decline.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Belgium

In 2021, purchases abroad of hexamethylenediamine and its salts, ethylenediamine and its salts was finally on the rise to reach X tons after three years of decline. Overall, imports, however, continue to indicate a abrupt slump. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of hexamethylenediamine and ethylenediamine to Belgium, accounting for a 75% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+60.2% per year) and Saudi Arabia (+175.9% per year).

In value terms, France ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Belgium, comprising 72% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Saudi Arabia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+53.6% per year) and Saudi Arabia (+175.9% per year).

Import Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, shrinking by -5.7% against the previous year. In general, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2019 when the average import price increased by 12%. Over the period under review, average import prices attained the maximum 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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