Malaysia: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Malaysia

In 2021, the Malaysian hexamethylenediamine and ethylenediamine market increased by 30% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.6% 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, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Malaysia

In 2021, overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts increased by 34% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 766%. As a result, the exports reached the peak of X tons. From 2015 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 continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 565%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Malaysia, accounting for a 69% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to Singapore exceeded the volume sent to the second major destination, the Philippines (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Vietnam (+19.9% per year).

In value terms, Singapore ($X) emerged as the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Malaysia, comprising 88% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Vietnam (+23.7% per year).

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, rising by 12% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2015 an increase of 14%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to the Philippines ($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 Thailand (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Malaysia

In 2021, purchases abroad of hexamethylenediamine and its salts, ethylenediamine and its salts increased by 5.8% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume 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. Based on 2021 figures, imports decreased by -18.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 40%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports surged to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Saudi Arabia (X tons) and Sweden (X tons) were the main suppliers of hexamethylenediamine and ethylenediamine imports to Malaysia, together comprising 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hexamethylenediamine and ethylenediamine suppliers to Malaysia were Saudi Arabia ($X), South Korea ($X) and Japan ($X), together accounting for 65% of total imports.

South Korea, with a CAGR of +42.4%, saw the highest growth rate of the value of imports, among 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, with an increase of 41% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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