Philippines: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in the Philippines

The Philippine hexamethylenediamine and ethylenediamine market reduced to $X in 2021, falling by -13.3% against the previous year. Overall, consumption showed a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Production in the Philippines

In value terms, hexamethylenediamine and ethylenediamine production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hexamethylenediamine And Ethylenediamine Exports

Exports from the Philippines

In 2021, overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts decreased by -27.7% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports, however, continue to indicate tangible growth. The pace of growth appeared the most rapid in 2016 when exports increased by 148%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, hexamethylenediamine and ethylenediamine exports reduced to $X in 2021. In general, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 145%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from the Philippines, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India stood at +4.1%.

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

From 2012 to 2021, the average annual growth rate of value to India amounted to +4.6%.

Export Prices by Country

The average hexamethylenediamine and ethylenediamine export price stood at $X per ton in 2021, picking up by 26% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. 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 India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.5% per year.

Hexamethylenediamine And Ethylenediamine Imports

Imports into the Philippines

In 2021, the amount of hexamethylenediamine and its salts, ethylenediamine and its salts imported into the Philippines skyrocketed to X tons, picking up by 145% against the previous year's figure. Over the period under review, imports, however, showed a abrupt slump. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hexamethylenediamine and ethylenediamine to the Philippines, with a 55% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+129.3% per year) and Saudi Arabia (+405.7% per year).

In value terms, the largest hexamethylenediamine and ethylenediamine suppliers to the Philippines were India ($X), China ($X) and Saudi Arabia ($X), with a combined 79% share of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +615.0%, saw the highest growth rate of 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

In 2021, the average hexamethylenediamine and ethylenediamine import price amounted to $X per ton, increasing by 16% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.3% 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 increased by +103.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 76%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+99.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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