India: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in India

After two years of decline, the Indian hexamethylenediamine and ethylenediamine market increased by 12% to $X in 2021. Over the period under review, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -27.6% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Production in India

In value terms, hexamethylenediamine and ethylenediamine production soared to $X in 2021 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -33.9% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 36% against the previous year. Hexamethylenediamine and ethylenediamine production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Exports

Exports from India

In 2021, approx. X tons of hexamethylenediamine and its salts, ethylenediamine and its salts were exported from India; jumping by 153% on the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 204%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hexamethylenediamine and ethylenediamine exports soared to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from India, with a 75% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), eightfold. The United States (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +59.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+123.4% per year) and the United States (+40.0% per year).

In value terms, China ($X) remains the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from India, comprising 57% of total exports. The second position in the ranking was held by Malaysia ($X), with a 10% share of total exports. It was followed by the United States, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +67.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+128.5% per year) and the United States (+50.5% per year).

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the export price, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Germany (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports into India

In 2021, approx. X tons of hexamethylenediamine and its salts, ethylenediamine and its salts were imported into India; growing by 5% compared with the year before. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +11.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports skyrocketed to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Sweden (X tons) and Belgium (X tons) were the main suppliers of hexamethylenediamine and ethylenediamine imports to India, together accounting for 84% of total imports. China, Japan, South Korea, the Netherlands, the United States and Germany lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hexamethylenediamine and ethylenediamine suppliers to India were Saudi Arabia ($X), Sweden ($X) and Belgium ($X), together accounting for 80% of total imports. These countries were followed by China, Japan, South Korea, the United States, Germany and the Netherlands, which together accounted for a further 15%.

In terms of the main suppliers, South Korea, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of imports, 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, picking up by 43% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 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 China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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