Colombia: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Colombia

The Colombian hexamethylenediamine and ethylenediamine market soared to $X in 2021, rising by 15% 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, however, saw strong growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Colombia

In 2021, shipments 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. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 7,111% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by 3,881%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Colombia, with a 74% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Venezuela exceeded the volume sent to the second major destination, Bolivia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela stood at -9.6%.

In value terms, Venezuela ($X) remains the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Colombia, comprising 83% of total exports. The second position in the ranking was held by Bolivia ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at -17.9%.

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2021, with a decrease of -12.3% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Venezuela ($X per ton), while the average price for exports to Bolivia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (-9.2%).

Hexamethylenediamine And Ethylenediamine Imports

Imports into Colombia

After four years of growth, supplies from abroad of hexamethylenediamine and its salts, ethylenediamine and its salts decreased by -10.7% to X tons in 2021. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 54% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, hexamethylenediamine and ethylenediamine imports soared to $X in 2021. In general, imports, however, recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest hexamethylenediamine and ethylenediamine supplier to Colombia, accounting for a 76% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. Sweden (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+97.7% per year) and Sweden (+5.7% per year).

In value terms, the United States ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Colombia, comprising 77% of total imports. The second position in the ranking was held by Sweden ($X), with a 9% share of total imports. It was followed by Belgium, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+8.3% per year) and Belgium (+66.9% per year).

Import Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, growing by 56% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure 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 supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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