Hong Kong SAR, China: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong hexamethylenediamine and ethylenediamine market decreased by -1.7% to $X in 2021. Overall, consumption showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 8.2%. Hexamethylenediamine and ethylenediamine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Production in Hong Kong SAR, China

In value terms, hexamethylenediamine and ethylenediamine production contracted to $X in 2021 estimated in export price. Overall, production faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Hong Kong SAR, China

Hexamethylenediamine and ethylenediamine exports from Hong Kong SAR surged to X tons in 2021, rising by 32% compared with 2020 figures. In general, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 564%. As a result, the exports reached the peak of X tons. From 2020 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. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 705%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Hong Kong SAR, accounting for a 41% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Malaysia exceeded the volume sent to the second major destination, India (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+46.7% per year) and China (+74.8% per year).

In value terms, the largest markets for hexamethylenediamine and ethylenediamine exported from Hong Kong SAR were China ($X), Malaysia ($X) and India ($X), with a combined 64% share of total exports.

China, with a CAGR of +74.3%, recorded 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 mixed trend patterns.

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2021, increasing by 27% against the previous year. Overall, the export price, however, showed a pronounced descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 China (-0.2%), while the prices for the other major destinations experienced a decline.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of hexamethylenediamine and its salts, ethylenediamine and its salts increased by 97% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 101%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by 242% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest hexamethylenediamine and ethylenediamine supplier to Hong Kong SAR, accounting for a 31% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+21.5% per year) and Germany (-16.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Hong Kong SAR, comprising 30% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by New Zealand, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.5% per year) and New Zealand (+23.1% per year).

Import Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, declining by -7.6% against the previous year. Over the period under review, the import price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 106%. The import price peaked at $X per ton in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :