Ecuador: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Ecuador

The Ecuadorian hexamethylenediamine and ethylenediamine market dropped to $X in 2021, falling by -8.7% against the previous year. In general, consumption saw a noticeable downturn. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Production in Ecuador

In value terms, hexamethylenediamine and ethylenediamine production declined to $X in 2021 estimated in export price. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Ecuador

For the fourth year in a row, Ecuador recorded decline in overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts, which decreased by -35.5% to X tons in 2018. In general, exports faced a sharp reduction. The smallest decline of -4.6% was in 2017. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine exports fell notably to $X in 2018. Overall, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2017 with an increase of 1% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2018, the exports failed to regain momentum.

Exports by Country

Peru (X kg) was the main destination for hexamethylenediamine and ethylenediamine exports from Ecuador, accounting for a 88% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Peru exceeded the volume sent to the second major destination, Colombia (X kg), sevenfold.

From 2014 to 2018, the average annual rate of growth in terms of volume to Peru was relatively modest.

In value terms, Peru ($X) emerged as the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Ecuador, comprising 92% of total exports. The second position in the ranking was held by Colombia ($X), with a 7.5% share of total exports.

From 2014 to 2018, the average annual rate of growth in terms of value to Peru was relatively modest.

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2018, approximately equating the previous year. Over the period from 2014 to 2018, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2016 an increase of 9% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017, and then shrank in the following year.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Colombia totaled $X per ton.

From 2014 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-20.3%).

Hexamethylenediamine And Ethylenediamine Imports

Imports into Ecuador

In 2021, overseas purchases of hexamethylenediamine and its salts, ethylenediamine and its salts decreased by -13.8% to X tons, falling for the second year in a row after eight years of growth. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 203% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports fell notably to $X in 2021. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 277%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest hexamethylenediamine and ethylenediamine supplier to Ecuador, with a 46% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Peru (X kg) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +96.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.4% per year) and Peru (+45.1% per year).

In value terms, the United States ($X), Spain ($X) and the Netherlands ($X) were the largest hexamethylenediamine and ethylenediamine suppliers to Ecuador, together accounting for 60% of total imports. These countries were followed by China, Peru, Germany and Colombia, which together accounted for a further 26%.

Colombia, with a CAGR of +109.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hexamethylenediamine and ethylenediamine import price stood at $X per ton in 2021, falling by -14.4% against the previous year. Overall, the import price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Colombia ($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 (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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