Egypt: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Egypt

In 2021, after three years of growth, there was significant decline in the Egyptian hexamethylenediamine and ethylenediamine market, when its value decreased by -8.3% to $X. In general, consumption continues to indicate a mild slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hexamethylenediamine And Ethylenediamine Production in Egypt

In value terms, hexamethylenediamine and ethylenediamine production contracted to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 41% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Egypt

After four years of growth, shipments abroad of hexamethylenediamine and its salts, ethylenediamine and its salts decreased by -73.6% to X tons in 2021. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 105%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine exports contracted rapidly to $X in 2021. In general, exports recorded a slight downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 119%. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Egypt, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled -26.4%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Egypt.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, increasing by 85% against the previous year. In general, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +34.6% per year.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Egypt

Hexamethylenediamine and ethylenediamine imports into Egypt skyrocketed to X tons in 2021, increasing by 668% compared with the previous year's figure. Over the period under review, imports continue to indicate a buoyant increase. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports soared to $X in 2021. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 662% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hexamethylenediamine and ethylenediamine to Egypt, with a 45% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+39.1% per year) and Spain (-3.0% per year).

In value terms, the United States ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Egypt, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Switzerland, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +50.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.1% per year) and Switzerland (-1.8% per year).

Import Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hexamethylenediamine and ethylenediamine import price decreased by -12.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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