Portugal: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Portugal

The Portuguese hexamethylenediamine and ethylenediamine market reduced to $X in 2021, with a decrease of -5.5% against the previous year. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Production in Portugal

In value terms, hexamethylenediamine and ethylenediamine production fell modestly to $X in 2021 estimated in export price. In general, production recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 12%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Portugal

In 2021, overseas shipments of hexamethylenediamine and its salts, ethylenediamine and its salts decreased by -44.7% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 316% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell dramatically in the following year.

In value terms, hexamethylenediamine and ethylenediamine exports soared to $X in 2021. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 253%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

South Africa (X tons) was the main destination for hexamethylenediamine and ethylenediamine exports from Portugal, with a 65% share of total exports. Moreover, hexamethylenediamine and ethylenediamine exports to South Africa exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was taken by Morocco (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to South Africa stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+53.1% per year) and Morocco (0.0% per year).

In value terms, South Africa ($X) remains the key foreign market for hexamethylenediamine and its salts, ethylenediamine and its salts exports from Portugal, comprising 60% of total exports. The second position in the ranking was taken by Spain ($X), with a 26% share of total exports. It was followed by Morocco, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa stood at +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+64.3% per year) and Morocco (0.0% per year).

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, growing by 109% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Spain ($X per ton) and Kenya ($X per ton), while the average price for exports to South Africa ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Portugal

In 2021, after two years of growth, there was significant decline in purchases abroad of hexamethylenediamine and its salts, ethylenediamine and its salts, when their volume decreased by -41.6% to X tons. Overall, imports, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 557%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, hexamethylenediamine and ethylenediamine imports reduced notably to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 436%. Imports peaked at $X in 2020, and then dropped notably in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of hexamethylenediamine and ethylenediamine to Portugal, accounting for a 85% share of total imports. Moreover, hexamethylenediamine and ethylenediamine imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.9% per year) and the Netherlands (+10.9% per year).

In value terms, Spain ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Portugal, comprising 89% of total imports. The second position in the ranking was taken by Italy ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.1% per year) and the Netherlands (+3.9% per year).

Import Prices by Country

The average hexamethylenediamine and ethylenediamine import price stood at $X per ton in 2021, increasing by 34% against the previous year. Overall, the import price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 44%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($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 UK (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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